Sharp Rise in Earnings for CA Immo

Professional ServicesReal Estate ♦ Published: August 25, 2011; 10:39 ♦ (Vindobona)

Rental income of the Austrian real estate group increased by 54% in the first half of the year. EBIT amounted to € 112.4m, up 53% from the reference period.

Sharp Rise in Earnings for CA Immo / Picture: © CA Immo AG

The figures for the first half of 2011 have been influenced by the inclusion of Europolis in the consolidated accounts of the CA Immo Group. CEO Bruno Ettenauer: “In spite of the volatile climate that prevails, the acquisition of Europolis at the beginning of the year has enabled the CA Immo Group to increase its earnings for the first six months considerably. In the second half of…