Sonae - SGPS, S.A. informs on Sonae Sierra 9M18 Results
(WorldNews Africa)

Sonae Sierra recorded a Net Profit of EUR77.7 million in the first nine months of 2018 Maia - Portugal, November 14th, 2018 o Direct Result rises 9,7% to EUR49.6 million o EBIT reaches EUR77.5 million, a 2.3% increase o Tenant sales and rents perform positively o Successful implementation of the capital recycling strategy o Continued growth in services turnover and margin Sonae Sierra recorded a positive performance across its portfolio of assets and businesses during the first nine months of 2018. Its Direct Result increased by 9.7%, on a proportional basis, while the Net Profit remained broadly flat y-o-y (year-on-year) at EUR77.5 million. Sonae Sierra`s Shopping Centres continued their growth...