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S IMMO AG / Consolidated net income of approximately EUR 27m expected for the first quarter 2016
Press Wire ♦
Published: May 18, 2016; 13:12 ♦ (Vindobona)
In particular due to a high result on property valuation of its Berlin residential portfolio S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN: AT0000652250, AT0000795737, AT0000630694, AT0000A19SB5, AT0000A177D2, AT0000A1DBM5, AT0000A1DWK5) expects consolidated EBIT for the first quarter to amount to approximately EUR 55m (Q1 2015: EUR 18.6m) and consolidated net income for the period to approximately EUR 27m (Q1 2015: EUR 8.1m) thus significantly exceeding the corresponding previous year's figures.
S IMMO AG / Consolidated net income of approximately EUR 27m expected for the first quarter 2016 / Picture: © Vindobona.org
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