30th Jun 2023 14:26
Secure Property Development & Investment PLC - South eastern Europe-focused commercial property investor - NAV per share at end of 2022 stands at 9.0 pence per share, down from 15.0p the year before. Swings to pretax loss of EUR1.3 million from a profit of EUR236,229 the year before. The company says that the global energy crisis and inflation dragged debt interest rates to levels not seen in decades, raising property related costs and risk concerns. Total assets fall to EUR30.1 million from EUR53.2 million, and rental income was down to EUR1.6 million from EU2.0 million. Read More
