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Atrium: 50% Decline in Pre-Tax Profit
Despite a growing rental income, the real estate company’s profit before taxation decreased from € 46.3m to € 26.4m.
Atrium: 50% Decline in Pre-Tax Profit / Picture: © Atrium European Real Estate
The Jersey-based Atrium European Real Estate recorded decreasing results in the first quarter of 2011. Pre-tax profit fell by nearly 50% from last year’s € 46.3m to € 26.4m. Gross rental income went up by 13.5% to € 42.3m (2010: € 37.2m). Net rental income amounted to € 38.5m which is an increase of 17.8% compared to € 32.7m last year. The company announced a change in the…
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