ATHEX-listed property developer and mall operator Lamda Development on Wednesday announced group EBITDA profits of 8.3 million euros for the first quarter of 2023, compared to 4.5 million euros during the corresponding period of 2022.
The company cited a significant increase in its shopping malls’ operating profitability.
Consolidated net results (after financial expenses, taxes and minority interest) reached 21.4 million euros, compared to losses of 7.7 million euros in Q1 2022. Net results in the first quarter of 2023 improved by 10 percent, or 2.4 million euros.
Revenue recognition from property sales at Lamda’s iconic Ellinikon project in Q1 2023 totaled 16.7 million euros.
Total cash proceeds from property sales/leases at the Ellinikon totaled 242 million euros, with the group total cash balance at 675 million euros.
Group investment portfolio value (GAV) also reached a new high: €3.17bn for Ellinikon: €2bln for the malls: €1bn.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Internet Users in Greece Rise Exponentially, Survey Suggests
Those between the ages of 65 and 74 have shown a high rate of digital engagement, with daily usage over the past five years increasing by 61%.
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
![Επιθεώρηση εργασίας: Bonus στους ελεγκτές – Τι θα «σκανάρουν» [πίνακες]](https://www.ot.gr/wp-content/uploads/2024/11/ergasia22-4-2-600x402.jpg)
