SFPI records drop in profits
Swiss Finance & Property Investment AG (SFPI) reports a year-on-year decline in profit for the 2017 financial year according to preliminary, unaudited figures.
Net income with revaluation effects after tax is expected to be CHF 19.3 million, down from CHF 24.4 million a year earlier, SFPI says. The reasons for the decline are lower promotion income and less appreciation of the real estate portfolio.
Excluding revaluation and related tax effects, net income is expected to be 11.9 million (previous year: 14.5 million). According to the preliminary figures, the revaluation effect of the real estate portfolio in the financial year 2017 amounts to 10.9 million after 14.5 million year 2016.
SFPI plans to release details of its financial results and fiscal year 2017 report on March 8, 2018.
(Visited 29 times, 1 visits today)
