LUXEMBOURG (dpa-AFX) - GAGFAH S.A. (GGFHF.PK) reported that its third-quarter funds from operations declined to EUR 25.2 million from EUR 43.7 million in the year ago quarter. Funds from operations per share decreased to EUR 0.11 from EUR 0.19 last year.
Income from the leasing of investment property was EUR 225.4 million, down from EUR 237.6 million in the year ago quarter. Profit from the leasing of investment property declined to EUR 97.1 million from EUR 111.8 million last year.
The company said that, in order to retain additional flexibility and financial resources within the business and to support the Company's property investment and financing objectives, the Board has made the decision not to pay an interim dividend for the third quarter of 2011.
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