Trade Estates reports €13.5M in revenues from rents in the 1H2021
According to the financial results released by the parent company.
Trade Estates REIC, a Fourlis Group subsidiary, announced €3.5million from rents during the first half of 2021, according to the financial results released by the parent company.
The REIC's portfolio value is currently at €184.7million and comprises seven real estate assets of 177.450sqm total surface.
According to the company's press release, FOURLIS Group realized sales of € 185,7 million, 16,5% higher versus the same period a year ago (€ 159,5 million). The e-Commerce sales for the Group in the same period reached € 43,5 million vs € 27,8 million in first half os 2020, increased by 57%.
The EBITDA (OPR) was € 13,3 million versus € 5,3 million in the first half of 2020, increased by 155%. It is noted that EBITDA(OPR) does not include financial expense related to IFRS16 impact.
Consolidated Profit Before Taxes was € 0,9 million vs Losses before Taxes of € 8,3 million in the same period. The Group realized Net Profit of € 0,6 million in the first half of the year.