Zurich, 28 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.
This news release and the 2018 Half-year report are available electronically under the following links:
