Immofinanz: Earnings Up, Net Income Down

Business › n.a. ♦ Published: September 25, 2012; 12:14 ♦ (Vindobona)

In the first quarter of 2012/13, the Austrian real estate company recorded an increase in rental income by 14.2%. EBIT soared by 31.1%. Net income declined by 67.5%.

Immofinanz: Earnings Up, Net Income Down / Picture: © Vindobona.org

IMMOFINANZ Group started the 2012/13 financial year with a strong improvement in operating results, continuing the trend set in earlier quarters. Rental income rose by 14.2% year-on-year to € 162.3m, above all due to the acquisition of the remaining 50% stake in the Golden Babylon Rostokino shopping center on 16 May 2012. This strong increase in rental…

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Immofinanz, Real Estate Industry, Earnings
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