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UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.

In the first nine months of 2011, the Vienna-listed UBM real estate development group could raise its profits. EBT increased by 14.7% from € 7.5m (first nine months of 2010) to € 8.6m. Sales only went up by 0.4% from € 172.7m to € 173.4m.
The major part of UBM´s sales has been realized abroad. The Austrian share declined further to 11.6%, which corresponds to € 20m.…
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