22nd Aug 2024 14:18
(Alliance News) - Plaza Centers NV on Thursday announced a widened loss as finance costs increased sharply.
The Amsterdam-headquartered property investor with interests in Europe and India reported pretax loss increased to EUR8.9 million in the first half of 2024 from EUR601,000 a year prior.
Plaza Centers shares fell 25% to 30.00 pence each on Thursday afternoon in London.
Finance costs came in 35% higher at EUR8.1 million from EUR6.0 million.
Looking ahead, Plaza Centers said: "The company's priorities are focused on efforts to sign definitive sale agreement of Casa Radio project. The company also intends to seek for bondholders' approval for postponement of the repayment of the bonds. In addition, the company intends to continue the cost-cutting of its operational cost."
By Tom Budszus, Alliance News slot editor
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