.
- Value appreciation of portfolio investments not included in financial results 2006/07
- MAGNAT very well positioned for current financial year 2007/08
MAGNAT Real Estate Opportunities GmbH & Co. KGaA has achieved profitability already in its first year of business. The consolidated profit after taxes (IFRS based) for its first financial year, covering the period from April 6, 2006 (foundation of company) through March 31, 2007, is EUR 0.34 million.
Revenues (from rental income and from the sale of the first investment) totaled EUR 1.0 million, standing against EUR 0.75 million costs and against the net book value of EUR 0.56
- Value appreciation of portfolio investments not included in financial results 2006/07
- MAGNAT very well positioned for current financial year 2007/08
MAGNAT Real Estate Opportunities GmbH & Co. KGaA has achieved profitability already in its first year of business. The consolidated profit after taxes (IFRS based) for its first financial year, covering the period from April 6, 2006 (foundation of company) through March 31, 2007, is EUR 0.34 million.
Revenues (from rental income and from the sale of the first investment) totaled EUR 1.0 million, standing against EUR 0.75 million costs and against the net book value of EUR 0.56
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