ARO is a market leader in the immature Ukrainian shopping centre market, owning and operating a group of five well-located centres in Kiev, plus others elsewhere. This morning's H1 results reflect the impact of Covid in the six months to June 2020; however also (1) meaningful mitigations that ARO put in place by working with tenants, (2) significant cost-savings of $US1.2m, (3) upward asset revaluation, a $30.1m gain on revaluation (albeit mainly dictated by currency movements). Putting all o ....
24 Sep 2020
WHI First Light: Arricano (ARO) - H1 results – success in limiting impact of shutdowns; visitor numbers rising
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WHI First Light: Arricano (ARO) - H1 results – success in limiting impact of shutdowns; visitor numbers rising
- Published:
24 Sep 2020 -
Author:
Nick Spoliar -
Pages:
4
ARO is a market leader in the immature Ukrainian shopping centre market, owning and operating a group of five well-located centres in Kiev, plus others elsewhere. This morning's H1 results reflect the impact of Covid in the six months to June 2020; however also (1) meaningful mitigations that ARO put in place by working with tenants, (2) significant cost-savings of $US1.2m, (3) upward asset revaluation, a $30.1m gain on revaluation (albeit mainly dictated by currency movements). Putting all o ....