Plazza AG makes a profit of almost 20 million

Plazza AG, which has been listed on the SIX Swiss Exchange since the end of June 2015, achieved an operating result (EBIT) of CHF 25.9 million and a net profit of CHF 19.6 million in the first half of the year.

In Crissier on the outskirts of Lausanne, PLAZZA AG has a development area of around 63,000 sqm (Photo: Plazza AG)

In the first six months, real estate income amounts to CHF 9.4 million, according to the company. The revaluations of the properties lead to a net income of CHF 20.8 million.

Plazza reported total assets of CHF 588.9 million as of mid-2015. The net asset value (NAV) is CHF 509 million. The market value of the real estate portfolio is put at CHF 484.2 million.

Detailed information on the half-year results will be presented by Plazza on September 18.

Until June 22, 2015, Plazza AG was a division of the industrial group Conzzeta AG. This division managed and developed the Group's non-operating real estate. Conzzeta spun off the real estate division and listed it on the stock exchange. The CEO of Plazza is Ralph Siegle. (ah)

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