Gfiffin Premium with PLN 8.3 mln Q3 profit

WSE-listed REIT-like Griffin Premium Real Estate had PLN 8.3 million net profit in Q3, which is 171 percent y/y increase. EBIT stood at PLN 31.9 million, up 44.6 percent y/y, while revenues from rental amounted to PLN 7.9 million compared with PLN 5.8 million a year ago. The company also announced that it has revised its 2017 forecasts. “Mainly due to unpredicted events as the transaction costs related to the acquisition of EPP Assets and the costs associated with the sourcing and analysis of the other potential acquisitions as well as due to some factors outside of the company’s influence like the fluctuation of the exchange rates," the company said.