Immobiliare Grande Distribuzione SIIQ S.p.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
Published on 11/03/2021 at 19:00
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Immobiliare Grande Distribuzione SIIQ S.p.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was EUR 36.07 million compared to EUR 34.29 million a year ago. Revenue was EUR 38.44 million compared to EUR 36.6 million a year ago. Net income was EUR 15.71 million compared to EUR 17.51 million a year ago.
For the nine months, sales was EUR 109.13 million compared to EUR 108.93 million a year ago. Revenue was EUR 116.37 million compared to EUR 115.08 million a year ago. Net income was EUR 35.17 million compared to net loss of EUR 21.32 million a year ago.
Immobiliare Grande Distribuzione SIIQ SpA, formerly Immobiliare Grande Distribuzione Societa di Investimento Immobiliare Quotata SpA, is an Italy-based company engaged in the real estate sector. The Company is primarily active in the property purchase, development, management and leasing. Additionally, it provides various services related to real estate sector, including promotion of newly opened, expanded or restructured centers; rotation of existing retailers, and facility management services, such as security, cleaning and ordinary maintenance. As of December 31, 2011, the Companyâs portfolio consisted of properties in Italy, including 19 hypermarkets and supermarkets, 19 shopping malls and retail parks, one city center property, four plots of land for direct development, one asset held for trading and 7 others, and properties in Romania, including 15 shopping centers and one office building. It operates through Punta di Ferro Srl.
