Immofinanz's profit up to €126,2mln

Immofinanz made a net profit of  €126,2 million in the first quarter of the financial year 2015/2016 as opposed to  €6 million loss the year before.   Income from rent amounted to  €91,4 million compared to  €117,6 million in 2014/2015, whereas income from management equalled  €59,6 million and  €95,4 million respectively. The chairman of the company Oliver Schumy commented that "the development of the business in 2015/2016 resembles the worsening of the Russian economy and the suggested rent decrease to our tentants. Immofinanz is listed on the Warsaw and Vienna bourses. Its portfolio includes more than 470 properties with a carrying amount of around €6.7 billion. It is listed on the Warsaw Stock Exchange since May 2013.