SFPI: Profit rises by almost 60 percent
For the first half of 2016, Swiss Finance & Property Investment is expecting an increase in profit of around 57% compared to the previous year. According to the company's preliminary figures, net profit excluding revaluation effects and deferred taxes will increase from CHF 6.6 million in the previous year to CHF 10.5 million.
In particular, the success from sales in the Parco d'Oro project and the sale of a property contributed to this result, Swiss Finance & Property Investment (SFPI) reports.
Including revaluation effects and deferred taxes, however, net profit decreased from CHF 14.9 million to CHF 13 million. This resulted from lower revaluation effects in the first half of the year of 5.1 million (HY 1 2015: 10.9 million).
SFPI plans to release more details on its business results and 1st half 2016 report on September 5. (ah)
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