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ADLER Real Estate AG clearly increases annual net income 2005
Hamburg, March 30, 2006 | Announcement pursuant to Section 15 of the Securities Trading Act (WpHG)
- Annual net income of EUR 3.9 million
- Completion of Reorganization
ADLER Real Estate AG (ISIN: DE DE0005008007), Frankfurt, which has gone through a reorganization last year, has reached a remarkable turn-around for the fiscal year 2005. As per the HGB-individual accounts an annual net income of EUR 3.9 million has been obtained (prior year: minus EUR 1.3 million). The net earnings per share have raised by EUR 0.52 to EUR 0.39 (2004: minus EUR 0.13). The remarkable increase results half of noncurrent revenue from the reorganization of the company, which has been completed by the end for the period under review 2005, and half of positive operative results.
As a result of the corporation's positive development the liquidity position has improved. ADLER Real Estate AG had at their disposal cash in the amount of EUR 1.3 million at the end of the period under review. The equity ratio amounts to 43,4 % after 12,3 % in 2004.
In addition to a enjoyable operative business development in 2006 more positive impulses are expected from the resolutions of the extraordinary general meeting on April 21, 2006. The Shareholders are asked for the creation of approved capital in order to enable the compay to take chances in the real estate markets flexibly, especially to buy properties, companies or participations in companies.
The consolidated financial statements according to IFRS will be published in due time to the ordinary shareholders meeting.
Hamburg, March 30, 2006
The Executive Board
For further information please contact:
ADLER Real Estate AG
Neuer Wall 77
20354 Hamburg
www.adler-ag.de
Telephone: +49 (0)40 29 8130-0
Fax: (+49 (0)40 29 8130-99
info@adler-ag.de
About ADLER Real Estate AG
ADLER Real Estate AG as publicly listed real estate company is active in the business segments commercial project developments, portfolio management, asset management and closed end funds. The corporation's core competency comprises of the realization and marketing of sophisticated national and international real estate projects. ADLER Real Estate AG emerged from the rich in tradition Adlerwerke Frankfurt with a history back in the 19th century. Today the marjority of ADLER Real Estate is owned by the US-real estate investor John D. Heikenfeld.
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| NEWS |
share price
0,601 € (3.02.2012)
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