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Higher Profits for UBM Despite Lower Production in 2010
Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.

Because of the prevailing recession, in recent years the annual production volume decreased by 21.2% to € 217m. Nevertheless, earnings before interest and tax (EBIT) could be increased by 5.7% to € 25,8m, and the result before income tax (EBT) by 1.5% to € 14.4m. Earnings per share were calculated at € 3.06.
Based on the current price of € 27, a P/E of 8.82 and a…
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