Conwert Records Declining Earnings

Business › n.a. ♦ Published: May 29, 2012; 08:24 ♦ (Vindobona)

The Austrian real estate company presented its first quarter results today. Net rental income was down by 13.3%

Conwert Records Declining Earnings / Picture: © Conwert

conwert Immobilien Invest SE, which is traded on the Austrian ATX, completed the first quarter of 2012 with a decrease in rental income and earnings.

The company, which specialises in residential properties, realised revenues totalling € 91.2m in the first three months of the year with significantly fewer properties sold (1-3/2011: € 126.8m).

As a result of the strong…

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