Rodamco Asia announces excellent nine moth’s result

During the first nine months of its financial year (1 March – 30 November 2001), Rodamco Asia NV achieved a net profit of EURO 19,4 mln (EURO 0,90 per share), up 53% from its previous result of EURO 12,7 mln.

Net rental income increased by 15% to EURO 34.2 mln mainly due to increased rents and higher occupancy rates. Preliminary results indicate that real estate revaluation will probably lead to higher results as well. Positive developments in Indonesia, Malaysia and Thailand were set off by worsening market conditions in Singapore and The Philippines.

(source: Rodamco Asia)

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