Announcing strong results for its 2006/07 trading year, the board of property company Immofinanz is to propose a payout of EUR 150 mln to its shareholders in their first ever dividend. Immofinanz chairman Karl Petrikovics said that the company was following an international trend in responding to the demands and expectations of small investor representatives.
Announcing strong results for its 2006/07 trading year, the board of property company Immofinanz is to propose a payout of EUR 150 mln to its shareholders in their first ever dividend. Immofinanz chairman Karl Petrikovics said that the company was following an international trend in responding to the demands and expectations of small investor representatives.
Earnings before interest and taxes have risen from EUR 543.6 mln to EUR 887.7 mln, and revenues have increased from EUR 401.3 mln to EUR 518.9 mln, they announced. Petrikovics said the year was the best 'in the history of Immofinanz in all respects', with the profitability of its real estate portfolio having risen significantly and revenues having surpassed EUR 500 mln for the first time. The dividend prosposal will be put to the annual general meeting of shareholders.
