Gratifying half-year results in 2021
Glattpark, 25 August 2021: Allreal achieved a significant increase in net operating profit in the first half of 2021. In the Real Estate division, the gratifying result was further strengthened by revaluation gains. The Projects & Development division also performed well thanks to gains on sales. Allreal now expects a net operating profit of more than CHF 130 million for the full year 2021.
Allreal reported net profit including revaluation gains of CHF 111.3 million in the first half of 2021, compared with CHF 86.4 million in the same period last year – a rise of 28.8%). This gratifying performance was partly a result of an upward revaluation of the portfolio by CHF 41.8 million before tax (compared with CHF 27.7 million in the first half of 2020).
Both divisions performed well overall and made a positive contribution to net operating profit of CHF 79.1 million. This represents an impressive increase of 25.6% (1st half-year 2020: CHF 63.0 million).