Immofinanz: Substantial Increase in Profits

Business › n.a. ♦ Published: March 19, 2014; 22:02 ♦ (Vindobona)

In the first nine months of 2013/14, the Vienna-listed group registered an increase in net income by 7.1%. For the time being, Immofinanz is not affected by the Crimea crisis.

Immofinanz: Substantial Increase in Profits / Picture: © Immofinanz

 

The Austrian real estate group could improve its results further. Rental income was slightly lower year-on-year at EUR 468.3 million for the reporting period (Q1-3 2012/13: EUR 492.9 million). The results of property sales amounted to EUR 26.0 million (Q1-3 2012/13: EUR 59.6 million). The results of property development improved from EUR -6.5 million to EUR 11.6 million.…

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Immofinanz, Real Estate Industry, Earnings, Russia, Property Market, Eduard Zehetner
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