Primecity Investment Plc announced earnings results for the year December 2014. The company reported that strong growth combined with rental lease increases led to a sharp revenue rise of 159% year on year to EUR 25.6 million. The operational performance strongly impacted the bottom line, with net profit rising by 247% to EUR 104 million, in comparison to 2013 and an increase in Earnings per Share of 223%.

The strong operational and financial performances are reflected in an FFO I of EUR 13.6 million or EUR 0.14 per share and an adjusted EBITDA of EUR 21.7 million. FFO II amounted to EUR 36.6 million, due to strong results from realized disposal gains at the end of year and illustrating PCI's sourcing abilities and conservative valuation stance. EPRA NAV rose in 2014 to EUR 362 million, reflecting an increase of 251%.

EPS was up by 223% to EUR 0.97, 223% year on year.