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Globalworth swings to annual loss on pandemic impact

By BFN News | 08:58 AM | Friday 05 March, 2021

Globalworth, an office investor in Central and Eastern Europe, swung to a loss in 2020, weighed down by pandemic-led hit to its property investments. For the year ended 31 December 2020, the company reported a loss of €30.5 million from a profit of €207.8 million year-on-year, while net operating income increased by 6.5% to €157.3 million. The fair value loss on investment property was €116.2 million compared with a gain of €117.7 million last year. At 8:58am: (LON:GWI) Globalworth Real Estate Investments share price was 0p at 6.1p Story provided by

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