on FONCIERE VOLTA (EPA:SPEL)
Foncière Volta: 2024 Half-Year Results on the Rise
Foncière Volta, a company listed on Euronext Paris, announces positive results for the first half of 2024. The value of the real estate assets reached €158.2 million, slightly lower than at the end of 2023 due to an asset put up for sale.
Rental income increased by 23%, reaching €4.6 million. This growth is attributed to asset investments, including the transformation of the "Moudong Plaza" site in Guadeloupe. Net income, Group share, went from -€5.9 million in H1 2023 to €1.4 million at the end of June 2024.
Finally, debt remains stable, with an LTV ratio of 47.25%. Foncière Volta continues to work on optimizing its assets and adjusting its financial burden.
R. P.
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