Business
RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2023
RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2023.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n\n31 August 2023\nPLAZA CENTERS N.V.\n \nRESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2023\n \nPlaza Centers N.V. (\"Plaza\" / \"Company\" / \"Group\") today announces its results for the six months ended 30 June 2023. The financial information for the half year ended 30 June 2023 and 30 June 2022 has neither been audited nor reviewed by the auditors.\n \nFinancial highlights:\n· Reduction in total assets by €1.7 million to €6.6 million mainly as a result of general and legal expenses.\n· Consolidated cash position as of June 30, 2023 decreased by circa €1.4 million to app. €6.4 million (December 31, 2022: €7.8 million) as a result of general and legal expenses.\n· €0.9 million loss recorded at an operating level (June 30, 2022: €1.3 million loss) mainly due to general and legal expenses.\n· Recorded loss of €0.6 million (June 30, 2022: €6.3 million), mainly due to finance results on bonds, general and legal expenses.\n· Basic and diluted loss per share of €0.09 (30 June 2022: loss per share of €0.92).\n \n \nMaterial events during the period:\n \nTax authority investigation:\nOn March 27, 2023 the Company announced that the Tax Authority of the state of India initiated certain actions at the office of Elbit Plaza India Management Services Private Limited (which is a private company wholly owned by Elbit Plaza India Real Estate Holdings Limited) (hereinafter: \"EPM\") including a search and seizer of certain documents relating to EPM's activities/transactions in India in recent years. At this stage it is not yet clear what the purpose of the investigation is, including whether EPM is the purpose of the investigation or whether the investigation is related to any third party.\n \nUpdate regarding a change in Elbit Imaging Ltd holdings:\nSince announcement dated January 13, 2022 and up to last announcement dated July 13, 2023 Elbit Imaging sold about 48,6 thousand shares of the Company for a total consideration of approximately NIS 76 thousand, thus, Elbit Imaging holdings in the Company have diminished to 19.85% of the Company's issued and paid-up capital.\nDeferral of payment of Debentures and partial interests' payment:\nRefer to the below in Liqui...