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FranconoWest AG Bahnstraße 3 40212 Düsseldorf, Germany http://www.franconowest.de
Contact Ms Dr. Sönke Knop +49 69 90550553
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FranconoWest AG

FranconoWest AG: A successful start to 2008

IFRS net income in Q1: EUR 1.5 million

(PresseBox) (Düsseldorf (MedienHafen), )
FranconoWest AG (WKN A0KFRM), a real estate portfolio company specialising in residential property in the German state of North Rhine-Westphalia, further increased its property portfolio in the first quarter of 2008 and generated net income, calculated in accordance with IFRS, of EUR 1.5 million. In the first quarter of 2007, net income was EUR 0.4 million. EBIT was EUR 2.8 million in Q1 2008 (Q1 2007: EUR 0.6 million). Around EUR 0.3 million of this figure had no impact on cash flows. EBIT was influenced by non-recurring expenses of around EUR 0.1 million. Based on an independent appraisal by Jones
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.