on CROSSWOOD (EPA:CROS)
CROSSWOOD 2024 Half-Year Results
Paris, September 30, 2024 - The Board of Directors of CROSSWOOD has approved the half-yearly accounts as of June 30, 2024. The Half-Yearly Financial Report is available on the company's website.
As of June 30, 2024, CROSSWOOD's total assets are valued at €100.4 million, up €2.6 million since the beginning of the year, mainly thanks to the stake in SCBSM, valued at €87.9 million. Real estate assets remain stable at €12.5 million. The liquidation NAV stands at €7.66 per share.
The half-year net result for 2024 shows a profit of €2.2 million, compared to a loss of €1.1 million in 2023. This improvement comes mainly from the positive contribution of SCBSM, which amounts to €2.6 million.
Net financial debt is reduced to €2.1 million, with an LTV ratio of 1.90%. The average maturity of the debt is 3.5 years and the average rate remains at 1.73%.
CROSSWOOD will continue to manage and optimize its real estate portfolio while enhancing the value of its stake in SCBSM.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all CROSSWOOD news