| | | | Record result for 2016 strongly characterised by revaluation gainsZurich, 28 February 2017: Net profit including revaluation gains for the 2016 financial year amounted to CHF 173.6 million. This is the highest profit ever reported in the company's history and is based on the contribution made by its two divisions, Real Estate and the Projects & Development, and the positive value correction of the portfolio. At the shareholders' meeting, the board of directors will propose the disbursement of CHF 5.75 per share, which is unchanged compared to the previous year.Net profit excluding revaluation gains amounted to CHF 112.2 million. The operating result is characterised, on the one hand, by the favourable contribution made by earnings from real estate in the Real Estate division and, on the other hand, by earnings realised from the sale of development real estate and the realisation of third-party projects in the Projects & Development division.Earnings derived from the rental and management of investment properties plus the completed project volume amounted to an overall performance of CHF 671.7 million.The company anticipates operating net profit for the 2017 financial year to be reported slightly below that of the year under review.At the shareholders' meeting scheduled for 21 April 2017, the board of directors will propose the disbursement of CHF 5.75 per share, which is unchanged compared to the previous year and tax free for private investors. Taking into consideration the year-end share price, this corresponds to a cash yield of 3.8%. |
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