Swiss Prime Site AG reported a 10% year-over-year increase in its 2017 total operating income to CHF1.15 billion and increased its dividend.
The company reported a profit of CHF305.5 million for the year ended Dec. 31, 2017, compared to CHF311.1 million in the year-ago period. Profit before revaluations and deferred taxes amounted to CHF307.4 million for the period, up 11.5% from CHF275.6 million in the previous year.
EPS was CHF4.27, compared to CHF4.41 in the previous year. Excluding revaluations and deferred taxes, EPS came in at CHF4.30, compared to CHF3.91 in 2016.
The company's board intends to recommend Barbara Frei-Spreiter and Thomas Studhalter to be elected as new board members at its annual general meeting scheduled March 27.
At the meeting, the board plans to recommend a dividend of CHF3.80 per share, up 2.7% from the previous dividend of CHF3.70 per share.
The company noted that it reported its 2017 results in accordance with the Swiss GAAP FER accounting standards for the first time, having applied IFRS standards until Dec. 31, 2016, and that all 2016 figures have been restated in accordance with Swiss GAAP FER.
