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AFI Europe Romania announces financial results for Q4 2014 and 2014

11 Mar 2015

AFI Palace Cotroceni shopping mall in Bucharest, AFI Properties’ largest and most important asset, ended 2014 with a total income of EUR 37.5 million out of which approximately EUR 30 million is the net operating income, which is up 4 percent against 2013.

The shopping mall’s net operating income for Q4 2014 totaled EUR 7.7 million as opposed to EUR 7.5 million in Q4 2013.

At September 30 2014, the shopping mall was valued at EUR 401 million, representing an increase of 7 percent compared to 2013. AFI’s retailer’s sales excluding the hypermarket saw a 9 percent increase in Q4, and a total increase of 5 percent during 2014, compared to the same periods of 2013.

For more information, please see the Romanian version of the article, here.