Negative Result for Warimpex

Professional ServicesReal Estate ♦ Published: August 30, 2011; 10:30 ♦ (Vindobona)

The Austrian real estate company recorded a loss of € 3.2m in the first half of the year. EBIT fell from € 13.4m to € 7.6m.

Negative Result for Warimpex / Picture: ©

Warimpex reported half-year results on Tuesday. Consolidated turnover improved considerably, rising 9% from € 47.1m to € 51.2m. Revenues from hotel operations increased by 14% from € 42.6m in the first six months of 2010 to € 48.4m, primarily due to revenues from the new hotels that were opened in Ekaterinburg, Berlin, Łódź and Katowice in 2009 and 2010, which began operating…

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