Buwog net loss at nearly €20 mln

WSE-listed Buwog reported a consolidated net loss of €17.26 million in Q3 of the financial year 2014/2015 (November 1 - January 31), the company announced in a report. The consolidated revenue from asset management stood at €34.86 million, while the revenue from real estate sale amounted to €10.36 million. The company's operating profit reached €85.12 million. After three quarters of the financial year 2014/2015 (May 1 - January 31), the company had a consolidated net profit of €3.32 million. The Buwog Group is a German-Austrian full-service provider in the residential property sector. It has been listed on the WSE since 2014.