CA Immo: Initial Consolidation of Europolis Prompts Sharp Rise in Earnings
The figures for the first quarter of 2011 show a strong rise in earnings following the inclusion of Europolis into the consolidated accounts of the Austrian real estate group.
CA Immo: Initial Consolidation of Europolis Prompts Sharp Rise in Earnings / Picture: © Vindobona.org
Compared to the first three months of last year, the rental income of the CA Immo Group rose by 52.6% to stand at € 63.7m, of which around € 23.6m is accounted for by the initial consolidation of the Europolis Group. Net operating income was up 59.9% to € 52.8m. This figure includes a contribution to earnings from the sale of properties intended for trading of € 1.8m (against…
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