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Immofinanz: Net Income Decreases by 57%
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Immofinanz AG showed half as much profit in the first quarter after its merger, as a lasting non-recurring effect from the first quarter. Earnings per share diluted after the merger with Immoeast.
Immofinanz: Net Income Decreases by 57% / Picture: © Immofinanz
Immofinanz group’s results for the first quarter of 2010/11 decreased to 59 million euro and amounted 77.2 million euro (-56.68%) less than one year ago. Sales however increased by about 2.5% to 183.7 million euro.
Current results are only partly comparable with those of the previous year, as by now the merger with Immoeast AG has been completed. After the merger with its…
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