Immofinanz Records Increasing Revenues and Earnings

Professional Services › Real Estate ♦ Published: December 20, 2010; 20:43 ♦ (Vindobona)

Revenues of the Austrian Real Estate Company were up by 3.3%. EBIT increased by 19%.

Immofinanz Records Increasing Revenues and Earnings / Picture: © Immofinanz

Further optimisation of the portfolio, cost-cutting in operational areas and a greater focus on generating cash flow leads Immofinanz to expect further improvement for the following quarters.

In the first half of financial year 2010/11, rental income of € 277m.1m was generated. This represents to a rise of 4.9% compared to the same period in the previous year (€ 264.0m).…

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