Immofinanz: Net Income Decreases by 57%

Published: September 27, 2010; 14:25 · (Vindobona)

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…

This article includes a total of 244 words.

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