Compagnie Lebon Proposes Dividend for the Year 2016; Announces Earnings Results for the Year 2016
The company announced earnings results for the year 2016. For the year, the company reports net Asset Value (NAV) was EUR 281.8 million compared to EUR 264.8 million a year ago. Net income group share was EUR 20.0 million compared to EUR 14.0 million a year ago. The Group's three segments have complementary business models. The two businesses of Private Equity, Paluel-Marmont Capital on one hand and third-party funds on the other hand, individually generated EUR 6.4 million in profit, each corresponding to 31% of the total NIGS of Compagnie Lebon. Real Estate generated income of EUR 5.2 million, or 26% of total NIGS. Hospitality, in investment phase, generated income of EUR 2.5 million, or 12% of total NIGS. Available cash to grab opportunities, the Group's financial strength: EUR 47 million at year end 2016. Corporate" debt is stable at EUR 7 million.