Lamda Development on Friday reported a 13.5 pct increase in its net results in the January-September 2019 period, compared with the same period in 2018, ANA reports.
More specifically, consolidated EBITDA -pre-evaluation of commercial real estate and expenses on the Hellinikon project- totaled 40.9 million euros in the nine-month period, up 12.7 pct from 2018, while consolidated net profits totaled 30.2 million euros, up 13.5 pct from 2018. Net asset value rose 9.2 pct to 479.2 million.
Turnover of the company’s shopping centers rose 2.5 pct compared with the same period in 2018, with average occupancy reaching 99 pct.
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