Eco Business Back in Black

Published: March 22, 2011; 13:18 · (Vindobona)

The Austrian real estate company records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.

Eco Business Back in Black / Picture: © Vindobona.org

ECO Business-Immobilien AG continued its stable positive development during the first three quarters of 2010. Earnings improved significantly over the comparable prior year period, which was influenced by impairment charges. Profit after tax rose to € 9.1 m (1-9/2009: € -8.2 m) and Group EBIT increased 380% to € 25.0 m. ECO’s liquidity and equity base remained…

This article includes a total of 771 words.

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