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Árima Reports Losses of €7.9M in 2019 after Forecasting a Profit of €15.6M in February
26 April 2020 – Brainsre.news
The Socimi has announced that it will hold a General Shareholders’ Meeting on Tuesday 28, where it will propose the approval of its accounts, which reflect losses despite the profits forecast in February.
Árima Real Estate -the Socimi created by Luis López de Herrera Oria after Colonial took over his previous listed real estate company, Axiare- has announced that it will hold a General Shareholders’ Meeting this week, specifically, on the 27th on the first call and on the 28th on the second.
At the meeting, the company will address various agenda items, including, the approval of the results for the financial year 2019. At the proposal of the Board of Directors, Árima will ask its shareholders to approve the accounts for the year ending 31 December 2019, which report losses of €7.9 million. That means the Socimi will not distribute any dividends to its shareholders, according to the document sent to the National Securities Market Commission (CNMV).
Original Story: Brainsre.news
Translation/Summary: Carmel Drake