Immofinanz expects €361,4 mln net losses

Investment and property developer Immofinanz expects a €361,4 millon net loss in the financial year 2014/2015, whereas last year it had net losses of €72 million.  This large increase is said to be due to the current economic situation in Russia which is shown by the pricing of Russian shopping centers. Simultaneously however Immofinanz expects an increase in the amount of assets and businesses sold.  The operational result should rise  by 17 percent to €316,5 million for the current financial year. The final results for  2014/1015 are planned to be announced on August 6th in Vienna. Immofinanz AG has been listed on the Warsaw Stock Exchange market since May 2013.