MERLIN reports excellent business performance in all divisions driving operating profit to double-digit growth
(WorldNews Africa)

· Operating profit exceeds EUR 237.0 million (equivalent to EUR 50 cents per share), a strong 11.5% increase year on year · Excellent business performance, with increases in occupancy, like-for-like (`LfL`) rents and positive release spreads in all asset categories MERLIN Properties has released its 9M 2019 consolidated financial statements with total revenues of EUR 398 million, EBITDA of EUR 317 million and FFO (EBITDA less interest) of EUR 237 million. The consolidated net profit in accordance with IFRS of EUR 316 million is not comparable YoY due to the non-recurring items recorded in 9M18 (mainly related to the extraordinary gain related to the capitalization of Testa Residencial service contract)....