PropertyEU

Immoeast cuts portfolio valuation

By A staff reporter 2008-03-20T00:00:00

Austrian property investment company Immoeast has reported a 22.3% drop in operating profits for the first nine months of its 2007/2008 business year. Immoeast, part of Immofianz, said revenues rose 62.2% to EUR 212mln from EUR 130mln in the previous period but from earnings before interest and taxes (EBIT) dropped ...

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