The Dutch listed property investor Westersuyker recorded positive results during the first six months of 2004. In the first half year the net profit increased to € 5.14 million, compared to € 4.1 million in the same period in 2003. Profit per share increased from € 1.88 to € 2.32. The portfolio operating property increased from € 273.8 million to € 297.9 million.
The rental income in the first half year of 2004 increased 14.5% to € 12.4 million compared to the same period in 2003. The operating, administrative and general costs rose 29.1% from € 1.11 million to € 1.43 million. This was mainly due to an increase of the operating costs. The interest expenses declined from € 4.63 million to € 4.59 million.
Source: Vastgoedmarkt
