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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bcre-Brack Cap. | LSE:BCRE | London | Ordinary Share | NL0010763611 | ORD EUR0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.25 | 0.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LONDON, September 28, 2017 /PRNewswire/ --
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
INTERIM RESULTS 2017
The Board of BCRE - Brack Capital Real Estate Investments N.V. releases the results of the Company, its subsidiaries and the Company's interest in associates and joint ventures (together the "Group") for the six months period ended 30 June 2017 (the "Period") and the publication of its Interim Report 2017.
Trading update for the Period
The Interim Report 2017 is now available to view or download from the Company's website, www.brack-capital.com.
Harin Thaker, Chairman, said:
I am pleased to report the results of the Group for the first half of 2017. Despite the fact that the earnings recession has ended, stock markets have continued to rise more than underlying earnings, credit spreads have tightened regardless of an underlying erosion of the credit quality, while high yield spreads have quickly recovered from the 2015 oil market scare.
Under such an environment and post the sale of the BCP investment, the Group remains vigilant and conserves liquidity to deal with large development projects needs and potentially improve the Group capital structure in order to augment value.
Ariel Podrojski, Chief Executive Officer, said
Following the sale of our investment in BCP, we continue focusing on the Company's remaining investments, especially our major projects in Manhattan, New York.
In Russia, despite some recent macro indicators showing signs of stabilization and recovery, the conditions continue to be challenging, however we note improvements in consumer activity.
Forward-looking statements
This report contains certain forward-looking statements with respect to the financial condition, results of operations and businesses of BCRE - Brack Capital Real Estate Investments N.V. These statements involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements.
On behalf of the Board
Harin Thaker
Chairman
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V.
Ariel Podrojski, Chief Executive Officer
Nansia Koutsou, Chief Financial Officer / Chief Operating Officer
+31-20-514-1004
Novella Communications
Tim Robertson
Toby Andrews
+44-203-151-7008
This is a disclosure announcement from PR Newswire.
Copyright 2017 PR Newswire
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