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Conwert Notes Falling Revenue and Net Income
Companies ♦
Published: November 22, 2012; 09:11 ♦ (Vindobona)
The Austrian real estate company publishes results for the first nine months of 2012. Earnings before tax (EBT) at 22.5m increased more than sixfold.
Conwert Notes Falling Revenue and Net Income / Picture: © Vindobona.org
The Austrian ATX-traded conwert Immobilien Invest SE increased earnings before tax (EBT) to 22.5m as of 30 September 2012 after the previous year had been characterised by one-off effects (1-9/2011: 3.4m). The essential drivers were appreciation of the property portfolio, efficiency increases in administration and cost optimisations.
Revenues…
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