| | | | Sound 2017 Half-year ResultsZurich, 29 August 2017: Earnings including revaluation effect for the first half of 2017 amounted to CHF 66.0 million. This amount is 5.4 % below the previous year's result which was strongly characterised by the sale of development real estate.The gratifying real estate result, profits from the realisation of projects for third parties and for the own portfolio, and lower cost of financing contributed toward the sound result.Compared to the period the previous year, the valuation of the yield-producing properties by the external real estate valuer resulted in a revaluation gain of CHF 8.7 million.The two divisions, Real Estate and Projects & Development, produced an operating net profit in the period under review of CHF 59.3 million.The company continues to expect operating net profit for the 2017 financial year to remain slightly below the previous year's result. |
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