CA Immo Pays Dividends for the First Time

Businessn.a. ♦ Published: March 14, 2012; 22:38 ♦ (Vindobona)

The Austrian real estate company reported figures for 2011 today. The first-time consolidation of Europolis and successful sales lead to an increase in earnings. Profits were up by 38%.

CA Immo Pays Dividends for the First Time / Picture: ©

Bruno Ettenauer, CEO of CA Immo: "2011 was a good year for CA Immo. We have reached our main targets and can therefore as planned distribute a dividend to our shareholders for the first time."

Measured against 2010, rental income increased by 61.5% to € 265.6m. In regional terms more than a half of gross revenues derived from Eastern and South Eastern Europe. Property sales…