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Warimpex Records Negative Result
Companies ♦
Published: November 29, 2011; 11:09 ♦ (Vindobona)
The Austrian real estate company posted a loss of € 2.8m in the first nine months of the year despite a 10% increase in revenue from hotel operations.
Warimpex Records Negative Result / Picture: © Vindobona.org
Warimpex Finanz und Beteiligungs AG today reported results for the first three quarters of the year. The result from operating activities improved thanks to growth in tourism and business travel. Revenues from hotel operations rose by 10% compared with the first three quarters of 2010 and came in at € 76.8m. Revenues from the Development & Asset Management segment, however,…
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