For immediate release
RPG Byty, s.r.o.
€400,000,000 6 ¾% Senior Secured Notes due 2020 (ISIN: XS0808638539)
In Ostrava, 29 August 2016
Re: H1-2016 Report / Presentation Released: RPG Byty continues improving operational performance, EBITDA grows in line with expectations
RPG Byty, s.r.o. published its financial report for the first six months ended 30 June 2016 and presentation of results today. The Company´s financial performance was in line with expectations.
Key figures are:
· Revenues from lease of investment property CZK 1,100 mil., up 3.9% (H1-2015: CZK 1,059 mil.)
· Adj. EBITDA like-for-like CZK 846 mil., up 7.6% (H1-2015: CZK 786 mil.)
· Vacancy 9.19%, down 0.41% pcpt (H1-2015: 9.60%)
· Net profit CZK 420 mil., down 12.9% (H1-2015: CZK 482 mil.)
As previously announced, RPG Byty, s.r.o. management will host a H1-2016 results investor conference call later today at 3:00 PM CET. All interested parties are welcome to participate in the live call.
Conference ID: 67142190
For further information, please contact:
Zdenek Pribyl, Treasury Manager
Email: [email protected]
RPG Byty s.r.o. is the largest privately‑owned rental residential real estate company in the Czech Republic, measured by the number of apartments owned and managed. We provide quality, reasonably-priced rental housing for a wide cross-section of tenants in the Moravia-Silesia region. As of 31 December 2015, RPG Byty's portfolio consisted of 4,780 buildings, with 42,947 residential units with a total floor area of 2.6 million sqm, along with commercial units and undeveloped land. The portfolio has recently undergone a significant refurbishment program and will focus in the future on value-enhancing capex investments.
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange
This information is provided by RNS