on CROSSWOOD (EPA:CROS)
CROSSWOOD 2024 Annual Results
CROSSWOOD's Board of Directors has approved the 2024 annual accounts, which are available on its website. In 2024, the company focused on SCBSM by selling the Republic 2000 shopping center. As of December 31, its total assets stood at €94.9 million, primarily comprised of its stake in SCBSM.
Net liquidation NAV reached €7.87 per share, compared to €7.45 a year earlier. Operating profit decreased to €0.9 million following the sale of assets. However, SCBSM's contribution generated a net profit of €5.5 million.
Equity stands at €83.7 million, with net cash of €5.5 million. Debt was reduced to €0.1 million, after repayment of the loan related to the shopping center sold.
R. E.
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