The dividends will be paid on January 21, 2024 to shareholders owning ONE shares at the registration date of January 16, 2024.
The company also approved the contracting of six credit facilities, with a bank or a consortium of banks, for the upcoming One Gallery, One High District, One Lake District and One Lake Club developments. To this end, shareholder greenlit the contracting of four credit facilities totally worth EUR120 million for real estate project funding or refinancing,
„The approval of the 2023 half-year dividend, coupled with our commendable financial performance in the first half of the year, stands as a testament to One United Properties’ strong commitment to delivering consistent shareholder value. Our strategic initiatives have translated into robust growth rates and tangible benefits for our investors. As we continue to pioneer green developments in Romania, we remain dedicated to sustainable growth and enhancing shareholder returns,” said Claudio Cisullo, Chairman of the Board at One United Properties.
Additionally, the EGMS greenlit a share buyback capped at 3 million euros and the empowerment of the Board related to share capital increase for executing the Stock Option Plan, contingent on the performance of the Executive Members of the Board of Directors, as previously approved by the shareholders.
In the first six months of 2023, One United Properties posted consolidated turnover of EUR 171 million in 1H/ 2023, a 26% increase compared to 1H/ 2022. The gross profit reached EUR69.8 million, a 17% increase excluding the one-off gain from Bucur Obor’s bargain purchase recognized in 1H/ 2022 of EUR19 million. The net profit stood at EUR58.2 million, an increase of 13% compared to 1H/2022 (a 17% year-on-year decrease if including the gain impact).
he amounts to be received under contracts concluded with customers as of June 30th, 2023, reached the historical high of EUR281 million in additional cash by 2025.
(English version by Catalina Apostoiu)