InCity Immobilien AG Reports Consolidated and Single-Entity Earnings Results for the Full Year of 2017; Provides Earnings Guidance for Fiscal 2018
For the fiscal year 2017, on single-entity, the company reported net loss of EUR 168,000, but were again significantly improved compared to the prior year of EUR 833,000. Despite higher special effects due to capital increase compared with the prior year, LBIT rose to EUR 99,000 compared to prior year of EUR 737,000 with almost unchanged other operating expenses.
For the current fiscal year 2018, the company forecasts a loss of EUR 1.9 million to EUR 2.3 million at consolidated financial statement level and is aiming for a profit of up to EUR 400,000 at single-entity financial statement level.