Strong Decline in Eco Business Sales and Earnings

Published: May 13, 2011; 07:28 · (Vindobona)

The net result was positive with € 1.1m, but it fell in comparison with the same period of the previous year by 68%.

Strong Decline in Eco Business Sales and Earnings / Picture: © Eco Business Immobilien AG

The income reduction of € 14.3 m to € 11.5m compared with the same period of the previous year is due mainly to the reduction of the real estate portfolio. Real estate expenditure was also correspondingly reduced.

Because of the lower operating income and the slightly negative valuation in contrast to the previous year, the operating result (EBIT) in the 1st quarter of…

This article includes a total of 228 words.

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