SE Swiss Estates: Significant profit increase
The listed company SE Swiss Estates AG generated earnings before taxes of CHF 2.597 million in the 2015 financial year, compared to CHF 1.104 million in the previous year. Profit for the year amounted to CHF 2.255 million. (previous year: -12,000).
The net property income of SE Swiss Estate amounted to CHF 5.672 million, compared to CHF 5.324 million in the previous year. Equity increased to CHF 45.193 million (previous year: CHF 43.575 million), while the net asset value per share with a nominal value rose from CHF 9.80 to CHF 13.62 (previous year: CHF 13.15).
SE Swiss Estates AG invests in residential properties in urban areas of Switzerland, including agglomerations of larger cities. Residential properties of 20 rental units or more are acquired on an opportunistic basis; the investment properties are to be held and developed over the long term. (ah)
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