IVG swings back to profit in H1 2010

Bonn-based IVG Immobilien swung back to profit in the first half of 2010 with operational results boosted by proceeds from project sales in the development segment. IVG, Germany's largest listed real estate company, said it booked a net profit of EUR 28 mln in the first six months of 2010, compared to a loss of EUR 99 mln in the same period a year before. On a quarterly basis, IVG's net profit rose to EUR 18 mln in Q2 2010, from EUR 10 mln in Q1.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories