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AMSTERDAM - Plaza Centers N.V. reported a €3.5 million loss for the first half of 2025, an improvement from the €8.9 million loss recorded in the same period last year, according to a press release issued by the company on Friday.
The real estate company’s consolidated cash position decreased to approximately €2.2 million as of June 30, 2025, down from €2.6 million at the end of December 2024, primarily due to general and legal expenses.
Plaza Centers recorded an operating result of €0 for the period, compared to a €0.9 million loss in the first half of 2024. The company attributed this improvement to lower general and legal expenses, as well as additional income of €0.4 million that offset expenses.
Basic and diluted loss per share was €0.51, compared to a loss per share of €1.3 in the same period last year.
During the reporting period, Plaza Centers received confirmation that Indian tax authorities had completed their investigation of Elbit Plaza India Management Services Private Limited without imposing any liability. The investigation had been ongoing since March 2024.
The company also reported receiving approximately €0.3 million from a settlement agreement reached in May 2025 regarding a lawsuit filed by Plaza and Elbit Imaging Ltd. against various parties related to the sale of U.S. shopping centers in 2011.
Executive Director Ron Hadassi stated that the company continues to pursue its claim against Romania regarding the Casa Radio Project through arbitration with the International Centre for Settlement of Investment Disputes. A ruling from the tribunal is expected by the end of 2025.
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