HAMBURG (dpa-AFX) - Deutsche EuroShop (DUSCF.PK) reported that its consolidated profit for the fiscal year 2016 declined to 221.8 million euros from 309.3 million euros in the previous year. Earnings per share dropped to 4.11 euros from 5.73 euros in the prior year.
But, funds from operations per share was 2.41 euros up from 2.29 euros last year.
EPRA earnings per share was 2.29 euros up from 2.18 euros last year.
Revenue for the year grew to 205.1 million euros from 202.9 million euros last year.
Based on these results, a proposal will be submitted to the Annual General Meeting on 28 June 2017 in Hamburg for the distribution of a dividend in financial year 2016 in the amount of 1.50 euros, which represents an increase of 0.05 euros or 3.7% over the previous year. A 0.60 euros per share portion of the dividend is subject to capital gains tax.
Looking ahead for 2017, the company expects funds from operations to be in the range of 140 million euros -143 million euros or 2.42 euros per share - 2.46 euros per share, and revenue of 216 million euros- 220 million euros.
For 2018, the company anticipates funds from operations to be in the range of 145 million euros-148 million euros or 2.35 euros per share -2.39 euros per share, and revenue of 220 million euros- 224 million euros.
Copyright RTT News/dpa-AFX