Prelios SpA Has Fully Paid Its Dividends According to BAC Company Report

06 Jun 2012 • by Natalie Aster

LONDON – May 15th Prelios Board of Directors announced that the company has fully paid its share capital dividend equal EUR 218,877,613.14 for 841,171,777 ordinary shares. At the same time BoD signed a resolution that annuls the face value of ordinary shares effective May 11th.

Prelios has been financially ineffective in the last years. The quarter ended March 2012 shows revenue of EUR 39.4 M, gross profit of EUR 32.1 M, operating income of EUR 2.4 M, and net income of EUR (23.7) M. In 2011 company’s performance was very weak: revenue declined by 33.7% to EUR 191.9 M, gross profit lost 22.5% and equaled 143.7%, both operating and net loss deepened to EUR (74.7) M and EUR (289.6) M, respectively. The debt crisis striking Euro zone has made a strong impact on Prelios activities.

Headquartered in Milan (Italy), Prelios SpA engages in real estate activities in Italy, Germany and Poland. The company also offers services connected with the management of non-performing loans and fund & asset Management. Prelios has a strong brand name enhancing its performance in target markets. Since 2002 Prelios has been trading on the Italian Stock Exchange under the ticker PCRE.

Find more details on the company’s present businesses, possibilities, financials and experts’ forecasts in the report "Prelios SpA Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.

Report Details:

Title: Prelios SpA Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: May, 2012
Pages: 72

More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.

 

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