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RSS FeedsFirst Quarter 2017 Results Kardan N.V.
(WorldNews Netherlands)

 
 

24 may 2017 09:23:01

 
First Quarter 2017 Results Kardan N.V.
(WorldNews Netherlands)
 


PRESS RELEASE Amsterdam/Tel Aviv, May 24, 2017 Number of pages: 9 FIRST QUARTER 2017 RESULTS KARDAN N.V. Highlights Q1 2017: Net profit (loss) per activities: In EUR millions Q1 2017 Q1 2016 Real Estate (1.9) (2.0) Water Infrastructure (discontinued operations) 0.9 (0.3) Banking and Retail lending (discontinued operations) Other - banking and retail lending - continuing operations - 0.7 3.9 - Total Operations (0.3) 1.6 Holding (Corporate Finance and G&A) (17.5) 0.3 Total (17.8) 1.9 Q1 2017: EUR 17.8 mn loss to equity holders (Q1 2016: net profit of EUR 1.9 mn) predominantly due to significant negative foreign exchange impact of EUR 11.5 mn of the Euro versus the NIS on the Company`s debentures...


 
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