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Profit of Baltic Horizon Fund grows 31% in Q3 2018
BC, Tallinn, 12.11.2018.
Print version
Print versionThe profit of the real estate fund Baltic Horizon Fund grew 31% on year to 2.2 mln euros in the third quarter of 2018, informs LETA/BNS.
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| Photo: baltichorizon.com. |
The company's net rental income increased by 45.6% on year, totaling 3.8 mln
euros in the third quarter, Baltic
Horizon Fund told the stock exchange.
Growth in net operating income and net profit were positively affected by
acquisition of Vainodes I office building,
Postimaja shopping center and LNK Center.
The company's net asset value remained unchanged at 109.3 mln euros.
Equity was positively affected by the fund's operational performance over the
quarter, however, this was offset by a cash distribution of 2 mln euros to unit
holders and a buyback of own units.
The fund's net rental income of the first nine months increased by 38.6%
on year to 10.9 mln euros, and the net profit by 54.9% to 6.5 mln euros.
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