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Immofinanz: Net Income Down, Earnings Up
The Austrian real estate group confirmed the positive operating trend set in recent quarters with the close of the 2011/12 financial year, which brought a slight 1.2% year-on-year increase in rental income.

This positive development was supported chiefly by the retail segment. Results of operations totalled € 478.6m, which represents a plus of 4.3% (2010/11: € 458.7m). Other valuation results of € 212.4m (incl. foreign exchange effects) led to an improvement of over 60% in EBIT to € 691.0m (2010/11: € 424.1m). Net profit for the 2011/12 financial year declined to…
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