Warimpex: First-Quarter Loss Widens

Published: May 27, 2011; 11:03 · (Vindobona)

The Austrian real estate company’s loss increased from € -0.7m to € -3.0m in the first quarter of 2011. EBIT fell from € 2.9m to € -0.3m.

Warimpex: First-Quarter Loss Widens / Picture: © Warimpex

Consolidated sales increased by roughly 4% to € 21.1m. Sales revenues from hotel operations increased by 13% from € 17.4m in the first three months of 2010 to € 19.7m. The primary reason for this improvement was significantly higher revenues in Ekaterinburg, Łódź, Katowice and Paris. Revenues from the rental of offices and the provision of development services decreased from…

This article includes a total of 368 words.

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