Higher Profits for UBM Despite Lower Production in 2010

Published: March 23, 2011; 03:54 · (Vindobona)

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

Higher Profits for UBM Despite Lower Production in 2010 / Picture: © Vindobona.org

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…

This article includes a total of 179 words.

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