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Secure Property Development & Investment PLC - South eastern Europe-focused commercial property investor - NAV per share at end of 2022 stands at 9.0 pence per share, down from 15.0p the year before. Swings to pretax loss of €1.3 million from a profit of €236,229 the year before. The company says that the global energy crisis and inflation dragged debt interest rates to levels not seen in decades, raising property related costs and risk concerns. Total assets fall to €30.1 million from €53.2 million, and rental income was down to €1.6 million from EU2.0 million. ‘During 2023, the company intends to sell all its assets, and consequently its main operations are expected to be minimised, provided the constraints brought by the current war situation in Ukraine will be successfully be surpassed.’ Current stock price: 16.50 pence 12-month change: down 11% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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