Confirms FY guidance (Il Sole 24 Ore Radiocor) - Milan, 01 Aug - IGD, an Italian operator of shopping centers, said that in the first half funds from operations (FFO) reached 18.3 million euros, down 40.7% year on year due solely to higher financial charges. Rental income fell 1.4% to 69.1 million euros.

Core business EBITDA rose 0.1% to 53.9 million euros.

Total financial charges increased 92.0% to 36.9 million euros.

In the first half, posted a net loss of 32.5 million euros, down from a loss of 47.1 million euros a year earlier.

EPRA net asset value amounted to 8.92 euros per share, down 3.2% from the end of 2023.

IGD confirmed its full-year guidance of FFO about 34 million euros.

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(RADIOCOR) 01-08-24 17:05:36 (0642) 5 NNNN