Warimpex's Q3 profit down

In its Q3 2008 report, Austrian property investment company, office and hotel developer Warimpex Finanz- and Beteiligungs AG reported revenues of €70.9 (zł.273.6) million for the first nine months of 2008, which was 23 percent more than last year. The company's EBIT grew by 15 percent to €19.1 (zł.73.7) million.

However, its profit for the period was just €2 (zł.7.7) million, which was 82 percent lower than last year. According to the company, all Warimpex projects that are currently under construction are proceeding according to plan.