S Immo: Earnings more than Doubled in the First Half of 2011

Published: August 29, 2011; 19:28 · (Vindobona)

The Austrian real estate company recorded EBIT of € 51.3m, up 70.6% year-on-year. Net income doubled to € 10.1m.

S Immo: Earnings more than Doubled in the First Half of 2011 / Picture: © S IMMO AG

Stock exchange listed S Immo AG reported strong results for the first half of 2011. Rental income amounted to € 61.7m (first half of 2010: € 48.2m). The buildings in Vienna’s Viertel Zwei, acquired last December, contributed fully to earnings for the first time. The growth in rental income was also partly attributable to income from development projects that were completed during…

This article includes a total of 413 words.

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