BriQ Properties: 640,000 euro net profit in 9-month

BriQ Properties said on Wednesday rental income for the nine-month period amounted to 1.412 million euros. Earnings Before Taxes (EBT) reached 799,000 euros and net profit amounted to 640,000 euros for the respective period.

It is noted that the results include expenses and fees for the listing of Company’s shares in Athens Stock Exchange amounting to 230,000 euros.

Cash and cash equivalents available for sale on September 30th, 2017 were equal to 4.109 million euros compared

to 3.434 million euros on December 31th, 2016, while there were no loan obligations.
Company’s portfolio on September 30, 2017 comprised of 7 properties, having a total area of 36.777 square meters and a fair value of 24.306 million euros.