DIM Vastgoed result 1st quarter 30% higher

DIM VastgoedÂ's result during 1st quarter 2002 was 30% higher than during the same period last year. Result after tax amounted to USD 1,947,683.

This increase was mainly caused by lower taxes and interest charges. Profit per share increased by 24.1% to USD 0.36. During the first quarter profit per share amounted to USD 0.29.

Annual indirect yield amounted to 1.35%, compared to last yearÂ's first quarter annual yield of 8.56%. DIM expects a direct yield of 10% to 11% for 2002. This year the yield is positively influenced by a one-off tax deduction of paid interest charges. Without this correction direct yield would amount to between 8.5% and 9.5%.

DIM is very reserved regarding the outcome on the issue of indirect yield. Considering the present economic situation the previously mentioned 3.5% to 5.0% for 2002 was reduced to 1.5% to 3.0%.

DIM expects to pay a dividend of USD 1.09 per share over 2002.

(source: DIM Vastgoed)

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