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Eco Business to Continue Redimensioning
The Austrian real estate company registered a strong decline in EBIT and incurred a net loss of € 3.0m in the first six months of the year.
Eco Business to Continue Redimensioning / Picture: © Eco Business Immobilien AG
Eco Business-Immobilien AG, listed on the Standard Market Continuous of the Vienna Stock Exchange, reported results for the first half of the year 2011. The company recorded a rental income of € 23.2m (previous year’s period: € 28.0m). EBIT decreased strongly to € 4.6m from € 21.9m. Earnings after taxes turned negative and came at € -3.0m (compared to € 9.6m). The equity…
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