Business
Half-year Report
Half-year Report.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n\n22 August 2024\nPLAZA CENTERS N.V.\n \nRESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024\n \nPlaza Centers N.V. (\"Plaza\" / \"Company\" / \"Group\") today announces its results for the six months ended 30 June 2024. The financial information for the half year ended 30 June 2024 and 30 June 2023 has neither been audited nor reviewed by the auditors.\n \nFinancial highlights:\n· Consolidated cash position as of June 30, 2024 decreased by circa €1.1 million to app. €4.6 million (December 31, 2023: €5.7 million) as a result of general and legal expenses.\n· €0.9 million loss recorded at an operating level (June 30, 2023: €0.9 million loss) mainly due to general and legal expenses.\n· Recorded loss of €8.9 million (June 30, 2023: €0.6 million), mainly due to finance results on bonds, general and legal expenses.\n· Basic and diluted loss per share of €1.30 (30 June 2023: loss per share of €0.09).\n \n \nMaterial events during the period:\n \nTax authority investigation:\nOn March 25, 2024 the Company announced that further to its announcement dated March 27, 2023 with regards to the search and seizure operations carried by the Indian tax authorities at the offices of Elbit Plaza India Management Services Private Limited (hereinafter: \"EPIM\") (which is a private company wholly owned by Elbit Plaza India Real Estate Holdings Limited), EPIM has received a favorable order under which investigation for one of the three years under investigation is completed without imposing any liability on EPIM. Inquiry into the remaining periods of the investigation is continuing and the Company will update on any development.\n \nUpdate regarding a change Ragnar Trade holdings:\nOn January 31, 2024 the Company announced that, Ragnar Trade spółka z ograniczoną odpowiedzialnością (\"Ragnar Trade\") acquired about 343.9 thousand shares of the Company, which amounted to 5.02% of the Company's issued and paid capital. On February 5, 2024 the Company announced that Ragnar Trade acquired share of the Company up to level of 11.70% of the Company's issued and paid capital and on February 19, 2024 it was announced that Ragnar Trade holdings in the Company is decreased to 4.81% of the Company's issued a...