Immofinanz back in the black after turnaround

By A staff reporter 2010-08-17T00:00:00

Austrian real estate developer Immofinanz swung back to profit in the financial year ending April 30, from a loss of EUR 3.4 bn the previous year following writedowns on assets and development projects. Full-year pretax profit totalled EUR 208 mln, dented by a writedown in the fourth quarter to April ...

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