Bonainvest with significant profit increase
Bonainvest Holding reports a net profit of CHF 6.9 million for the financial year. According to the company, this is around 67% more than in the previous year.
The operating result (EBIT) increased by 69% to CHF 11.7 million, Bonainvest added. The Board of Directors proposes a dividend from capital contribution reserves of CHF 1.50 per registered share. In addition, the undistributed profit will increase the share value by 0.75 CHF to 86.75 CHF per registered share. Total assets increased by 4.7% to 416.1 million and portfolio value increased by 14.4% to 253.6 million. Rental income reportedly increased by 16.8% to 9.1 million. Bonainvest puts return on equity (ROE) at 2.82%.
Bonainvest Holding, which describes itself as the market leader for smart living in Switzerland, is noticing an increasing demand for sustainable architecture, networked home technology and individual living services. In addition, business customers from the real estate industry would increasingly rely on the smart living modules of the subsidiary Bonacasa AG. In 2019, the total number of apartments Bonacasa has under contract increased by almost 11% to 8,352, he said. More than 1,000 apartments have been built by Bonainvest Holding in 23 locations in Switzerland, and more than 500 additional apartments are currently under development or construction.
In order to continue its growth, Bonainvest Holding plans to increase its share capital by up to CHF 30 million on July 2, 2020. The company intends to use the new funds to realize real estate projects and purchase new properties. Currently, Bonainvest has over 130 shareholders, including around 70 pension funds. (ah)
