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Immofinanz Records Increasing Revenues and Earnings
Revenues of the Austrian Real Estate Company were up by 3.3%. EBIT increased by 19%.
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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