Texaf SA 2017 AR2
The report outlines TEXAF's financial and operational performance for the fiscal year 2017 in the Democratic Republic of Congo. Despite political and economic instability, the company's real estate business achieved a 10% increase in rental revenue, supported by high occupancy rates in Kinshasa. Conversely, its sandstone quarry subsidiary, Carrigrès, experienced a 52% decline in sales due to a lack of infrastructure projects, resulting in an exceptional depreciation of EUR 3.4 million. TEXAF continued to support social responsibility initiatives, including education, healthcare, and cultural projects, and proposed a 19% increase in its dividend per share.
Company: Texaf SA
Sector: Real estate
Country: Belgium
Year: 2017
Type: AR2
Pages: 112
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Texaf SA
Annual Report
The report outlines TEXAF's financial and operational performance for the fiscal year 2017 in the Democratic Republic of Congo. Despite political and economic instability, the company's real estate business achieved a 10% increase in rental revenue, supported by high occupancy rates in Kinshasa. Conversely, its sandstone quarry subsidiary, Carrigrès, experienced a 52% decline in sales due to a lack of infrastructure projects, resulting in an exceptional depreciation of EUR 3.4 million. TEXAF continued to support social responsibility initiatives, including education, healthcare, and cultural projects, and proposed a 19% increase in its dividend per share.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available