Buwog's net profits increase

WSE-listed Buwog recorded consolidated net profits of €96.6 million in the first quarter of the financial year 2015/2016, compared with €6.3 million in the corresponding period last year, ISBnews reported. The consolidated revenue from asset management stood at €49.4 million, whereas it amounted to €36.2 a year ago. The company's operating profit reached €60 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.