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Conwert – Revenue Up by 85%
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Published: November 23, 2011; 14:58 ♦ (Vindobona)
The Austrian real estate company reported positive results for the first nine months of 2011 despite one-off effects.
Conwert – Revenue Up by 85% / Picture: © Vindobona.org
conwert Immobilien Invest SE completed the third quarter of 2011 with overall positive results. As a result of higher rental income and higher proceeds on property sales, overall revenues improved by 85.1% to € 681.2m at the end of the third quarter of 2011 (1-9/2010: € 368.0m).
The strong proceeds on property sales and the increase in rental income led to a growth in…
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