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Altarea Cogedim: 33.5% increase in net income

(CercleFinance.com) - Revenues amounted to 1,939.
5 million euros (+22.6%), while recurrent net income (FFO), group share up 33.5% at 256.3 million euros.

The group explained that this strong growth is mainly driven by the very good results of Residential property, which benefited from both a volume effect (revenue up +33.4%) and a significant improvement in the margin rate (+1.7 point to 8.2%), and by the results of Retail property, which result from the very good performance of the asset portfolio, as well as growth at the Property development business.

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