OM:GPGReal Estate
Genova Property Group (OM:GPG) Stock Faces Profit Quality Questions After Q2 Turnaround
Genova Property Group stock closed Friday at SEK38.5, after a modestly positive run over the past week and quarter. Yet the real story in these Q2 numbers sits on the income statement. The headline is a profit profile under pressure. Quarterly revenue came in at SEK138 million with net income of SEK62 million, a step down from the previous two quarters and a reminder that last year’s very large one off gain will not do the heavy lifting forever.
For long term holders the key question is...