Results
During the first half-year Wereldhave Belgium's operating profit was EUR 9.5 million (2003: EUR 9.7 million), including a financial profit of EUR 0.6 million (2003: EUR 0.4 million). Operating profit per share amounted to EUR 1.78 (2003: EUR 1.81).
The slight drop in profit over the first half-year was mainly due to the increased vacancy rate at the "Veldekens" office buildings in Berchem near Antwerp.
Portfolio & Prospects
At 30 June, 2004 the market value of the portfolio amounted to EUR 304.4 million as against EUR 301.9 million at 31 December 2003. The increase of EUR 2.5 million can be attributed to new investments of EUR 0.2 million and to a revaluation of EUR 2.3
million as the result of a positive revaluation of the shopping centres and a reduced valuation of the offices.
Wereldhave Belgium expects a slight decrease in the operational profit per share for 2004 compared to 2003.
Vilvoorde, 2 August 2004
N.V. Wereldhave Belgium S.A.
Statutory Management Company
For further information :
Eddy De Landtsheer
Tel. + 32 2 732 19 00
Please use the following link to view the entire release including all tables:
