EPP’s distribution flat as expansion continues
Net profit for six months to end-June fell 56% to €34m, with the company’s interim dividend down marginally to 5.80 euro cents
JSE-listed Polish retail property group Echo Polska Properties (EPP) on Friday kept its interim distribution almost unchanged amid a fall in profit in the six-months to end-June, but said it was upbeat about the prospects of the Polish economy as its expansion drive continues.
Net profit for the six months fell 56% to €34m, but distributable income rose 9% to €52.6m. The group declared an interim dividend of 5.80 euro cents, down marginally from the prior period’s 5.82c...