Gratifying 2018 half-year results at a high level
Zurich, 29 August 2018: In the first half of 2018, Allreal reported net profit including revaluation gains of CHF 70.3 million from its two divisions, Real Estate and Projects & Development. Compared to the previous year, this corresponds to a 6.5% increase.
The valuation of the portfolio of investment real estate carried out by an external real-estate valuer resulted in a revaluation gain on the cut-off date of CHF 12.9 million.Operating net profit excluding revaluation gains for the period under review amounted to CHF 61.3 million. The 3.4% increase over the previous year underlines Allreal’s operating strength.The company expects operating net profit for the entire 2018 financial year to be reported slightly above that of the previous year.