- Flexible working companies hurt hard with big losses in revenue
- Seniors accommodation saw revenues up, but only by 9.4%
- EGH EBITDA was up by more than 26% for the half yearly
Victory Offices Limited (ASX: VOL)
ASX listed flexible workspaces company put up their half-yearly results with expected declines across the board.
It was a tough year for offices of all sorts – co-working to the CBD – Victory saw much the same.
Revenues were down to $6.6M, from $26.5M for the previous corresponding period, and occupancy rates hit all-time lows in Victoria during the harsh lockdowns, 20%, now back up to 40% since restrictions lifted.
Occupancy in NSW was healthier, at 60% on average, similar figures in WA and lower in QLD.
Eureka Group Holdings (ASX: EGH)
Seniors accommodation company EGH saw revenues up by 9.4% for this reporting period, to $13.6M.
Underlying EBITDA also came in at $5.233M, up 26.9% from the previous period.
Profit from ordinary activities after tax however dropped by 41.2%, net profit much the same.
The interim dividend was reported as 0.59 cents, with the final dividend for FY20 at 0.55 cents.
Net tangible assets per ordinary security came in at 36.4 cents per ordinary security, up from last periods 35.5.