Sonae Sierra recorded a total net profit of 78 million Euro in the first nine months of 2017
Sonae Sierra recorded a net profit of 77.8 million Euro in the first nine months of 2017, compared to the 92.6 million Euro recorded in the same period of 2016. 2017-11-09 14:19:49
This 16 per cent decrease is mainly due to the lower Indirect Result, a consequence of the favourable impact of the opening of ParkLake in 2016, partially compensated by the increase in services' margins and by the Brazilian portfolio's direct result.
Total EBIT reached 75.8 million Euro, a seven per cent increase over the previous year.
In operational terms, tenant sales grew by 7.8 per cent overall in the European portfolio compared to the same period of 2016. Romania recorded a significant growth influenced by the successful opening of ParkLake, Spain and Portugal also increased nine per cent and seven per cent respectively.
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