InCity Immobilien AG Reports Earnings Results for the Semi-Annual Period for 2018; Provides Earnings Guidance for the Current Fiscal Year 2018
September 19, 2018 at 02:51 am EDT
InCity Immobilien AG reported earnings results for the semi-annual for 2018. For the period, the company reported net profit of EUR 753,000 at single-entity annual financial statement level and a net loss of EUR 753,000 at Group level. This is a significant improvement compared to the same period in the prior year (semi-annual net loss in 2017 for the company: EUR 542,000 and Group: EUR 1.9 million).
For the current fiscal year 2018, the company continues to forecast a net profit of up to EUR 400,000 at the single-entity annual financial statement level and a net loss of EUR 1.9 million to EUR 2.3 million at Group level.