on CROSSWOOD (EPA:CROS)
CROSSWOOD 2023 annual results
On December 31, 2023, CROSSWOOD assessed its total assets at €97.8 million, mainly due to its 34.54% share in SCBSM, valued at €85.3 million. The remaining real estate assets are valued at €12.5 million. The post-tax and dividend liquidation Net Asset Value (NAV) is €7.45 per share, lower than that of 2022 which was €7.73.
The net result for 2023 is negative, standing at -€1.8 million, contrasting with the €6.0 million for 2022, mainly due to losses of -€4.3 million in SCBSM, despite a positive operating result of €1.6 million. Net debt increased slightly to €4.3 million, but the debt ratio remains low at 4.04%.
Despite a solid financial situation, CROSSWOOD is proposing a dividend of €0.10 per share at the next general meeting. The company will continue to manage its real estate portfolio while valuing its stake in SCBSM.
R. P.
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