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Texaf SA (TEXB.BR)

TEXB.BR on Brussels Stock Exchange

30.92EUR
20 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Texaf H1 net income group share drops to 0.3 million euros
Wednesday, 6 Sep 2017 02:28am EDT 

Sept 6 (Reuters) - TEXAF SA ::H1 RECURRING OPERATING INCOME EUR ‍​3.6 MILLION VERSUS EUR 3.5 MILLION YEAR AGO.H1 CONSOLIDATED NET INCOME GROUP SHARE EUR 326,000 VERSUS EUR 2.7 MILLION YEAR AGO.H1 REVENUE EUR 9.1 MILLION VERSUS EUR 9.3 MILLION YEAR AGO.BARRING AN EXCEPTIONAL EVENT, RECURRING OPERATING RESULT FOR H2 SHOULD BE SIMILAR TO H1 (I.E. EUR 3.6 MILLION)‍​.AT THIS STAGE, NO REASON TO CALL DIVIDEND POLICY INTO QUESTION‍​.DRC IS EXPERIENCING AN EXCEPTIONAL SITUATION; ENVIRONMENT IS NEGATIVELY IMPACTING ACTIVITIES OF CARRIGRES.DECLINE IN DRC’S ECONOMY, PRIMARILY AFFECTING QUARRY ACTIVITY FOLLOWING DROP IN VOLUME OF INVESTMENTS IN KINSHASA.  Full Article

Texaf announces further sales erosion at Carrigres
Friday, 5 May 2017 02:17am EDT 

May 5 (Reuters) - Texaf Sa :Texaf:Further sales erosion at Carrigres impact on the consolidated result's forecast and impairment of the quarry.Economic situation in the DRC continues to deteriorate.Situation has an impact on Carrigres, Texaf’s sandstone quarry, whose sales declined again in the first quarter of 2017 (-0.35 million eur, i.e. -39% compared with the Q1 2016).Carrigres has been loss-making during that quarter.Management is putting in place measures that will have their full impact in 2018: reduction of personnel and reorganization of production..A loss in 2017 for Carrigres can’t be avoided.In 2017, the group's cash position will also be affected by the situation as well as by the cost of the measures taken at carrigres. However, this will not jeopardize the real estate investments nor the distribution of dividends.Performance of real estate activities (rents Q1 : 3.99 million eur against 3.74 million eur in 2016) should limit decrease in consolidated profit before tax to about 0.5 million eur versus 2016..Write-Down of eur 3.3 million on the value of the quarry (i.e. 35% of its net book value)..This impairment does not affect the cash position.  Full Article

Texaf FY net result group share stable at 5.5 million euros
Friday, 24 Feb 2017 02:01am EST 

Texaf SA : FY revenues 18.4 million euros ($19.48 million) versus 19.6 million euros year ago . FY recurring operating result 7.0 million euros versus 6.5 million euros year ago . FY net result group share 5.5 million euros versus 5.5 million euros year ago . Carrigres is anticipating turnover and a result of the same order as in 2015 .Rental revenues should continue to grow beyond eur 16 million in 2017.  Full Article

Texaf H1 recurring operating income falls slightly to 3.5‍​ million euros
Tuesday, 6 Sep 2016 02:00am EDT 

Texaf SA : H1 revenue from ordinary activities 9.3 million euros ($10.37 million) versus 9.8 million euros last year . H1 recurring operating income 3.5‍​ million euros versus 3.6 million euros last year . H1 consolidated net income group share 2.7‍​ million euros versus 2.8 million euros last year .Intends to maintain its dividend growth policy.  Full Article

Texaf Q1 revenue from real estate activity up at 3.7 mln euros
Friday, 13 May 2016 03:15am EDT 

Texaf SA :Reports Q1 revenue from the real estate activity of 3.7 million euros ($4.2 million) vs 3.2 million euros a year ago.  Full Article