ARO is a market-leading operator in the Ukrainian shopping centre sector, owning and operating a group of five well-located centres in and around Kiev, plus others elsewhere. The company has published a good set of H1 results despite closure of shopping centres for up to 59 days of the period due to COVID-19 restrictions, with revenues +19%, pre-tax (pre-revaluations) +23% and NAV up from $US119.4m to $US125.5m (+5%). At $US16.9m, revenues were only 2% below levels in the last “normal” year, ....
23 Sep 2021
Arricano (ARO) - Positive set of H1 results – good progress despite challenges
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Arricano (ARO) - Positive set of H1 results – good progress despite challenges
- Published:
23 Sep 2021 -
Author:
Nick Spoliar -
Pages:
4
ARO is a market-leading operator in the Ukrainian shopping centre sector, owning and operating a group of five well-located centres in and around Kiev, plus others elsewhere. The company has published a good set of H1 results despite closure of shopping centres for up to 59 days of the period due to COVID-19 restrictions, with revenues +19%, pre-tax (pre-revaluations) +23% and NAV up from $US119.4m to $US125.5m (+5%). At $US16.9m, revenues were only 2% below levels in the last “normal” year, ....