First-half 2020 earnings
(WorldNews Denmark)

P R E S S R E L E A S E F I R S T - H A L F 2 0 2 0 E A R N I N G S P a r i s - J u l y 2 9 , 2 0 2 0 Kl&eaigu;pierre, the European leader in shopping malls, today reported earnings for the six-month period ended June 30, 2020.(1) The significant events of the period include: Good sales recovery since reopening, with June sales reaching 85% of the prior-year level 83% of non-deferred rents collected over the first half, 62% in the second quarter Shopping center net rental income down 5.0% excluding disposals and forex Cost of debt down 30 bps to 1.2% vs. year-end 2019 Net current cash flow per share down 1.2% vs. first-half 2019 at €1.37 Portfolio valuation down 2.8% on a like-for-like basis over...