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BRIEF-JR HOLDING informs about its 2016-2017 development plans
April 1, 2016 / 7:00 AM / 2 years ago

BRIEF-JR HOLDING informs about its 2016-2017 development plans

April 1 (Reuters) - JR HOLDING SA :

* JR HOLDING changes its business activity to investing from operating

* Will focus on managing the group, and will transfer operating activities to its units

* Its operating activities will comprise of renewable energy sources, investing activity, acquiring and letting commercial properties, the construction of class A office building and residential buildings

* Sees the value of the company, along with its units, commercial property portfolio to increase to 200 million zlotys ($53.6 million) net by the end of 2017

* Plans to spend between 1 pct and 3 pct of its consolidated net profit on investing in start-ups

* Plans listing on the main market of the Warsaw Stock Exchange, will aim to file a prospectus in H1 2017

* Plans to recommend dividend payouts from 2016

* Management to recommend FY 2015 dividend between 0.04 zloty per share and 0.15 zloty per share

Source text for Eikon:

Further company coverage:

$1 = 3.7302 zlotys Gdynia Newsroom

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