UBM with slightly improved results

Professional ServicesReal Estate ♦ Published: August 31, 2010; 18:51 ♦ (Vindobona)

Focus on hotels and housing, regional focus remains on Poland and Germany.

UBM with slightly improved results / Picture: © UBM Realitätenentwicklung AG

The listed UBM Realitätenentwicklung AG, with construction company Porr as the main shareholder registered improving results in the first half of 2010.

Operating income rose slightly to €12.7m ($16.13) (€12.2 ($15.49)) and earnings before tax (EBT) to €5.7m ($7.2) (€5.1 ($6.47)), while net income grew to €3.5m ($4.4) (€3.2m ($4.06)).

The UBM Group wants to…