Immofinanz Group Reveals Less Profit

Professional Services › Real Estate ♦ Published: March 21, 2013; 14:06 ♦ (Vindobona)

Operating profit (EBIT) reduced by € 47.9m to € 444.7m. Decline in net profit from € 269.4m to € 210.1m. Cash flow rose by 8.9% y/y to € 315.3m.

Immofinanz Group Reveals Less Profit / Picture: © Immofinanz

Immofinanz Group generated solid operating results in the first three quarters of the 2012/13 financial year. A comparison with the first three quarters of the previous year shows strong growth, above all through a significant 12.7% increase in rental income to EUR 492.9 million. A substantial improvement was also recorded in income from property sales before foreign exchange effects…

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