conwert: Lower Income despite New Sales Record

Published: August 17, 2011; 12:47 · (Vindobona)

The Austrian real estate company recorded a decline in income of 33% year-on-year. Proceeds on the sale of properties are expected to reach a total of € 600m in the full year.

conwert: Lower Income despite New Sales Record / Picture: © Conwert

The Austrian ATX-traded conwert Immobilien Invest SE concluded the first half-year 2011 with positive results. Proceeds on the sale of properties amounted to € 251.2m, an increase of 111.8% or more than double the previous year’s level. Rental income totaled € 107.3m as of the reporting date 30 June 2011, a rise of 33.3% from the corresponding figure of € 80.5m in the previous…

This article includes a total of 337 words.

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