euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
Financial
Figures/Balance Sheet
ALTA FIDES AG continues to rely on the CAMPUS concept
ALTA FIDES AG publishes report on the first half of the year 2008
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
6-month report
14.08.2008
In the course of the first half of the year, ALTA FIDES AG Group (ISIN: DE000A0B7EZ7) increased its total turnover and operating revenue by roughly 66 percent to EUR 35.2 million (Q2/2007: EUR 21.2 million) and achieved operating results of EUR 9.7 million (Q2/2007: EUR 8.2 million). During the reporting period the profit for the financial year increased to EUR 5.0 million (Q2/2007: EUR 4.8 million). Moreover, ALTA FIDES managed to continue or initiate the implementation of numerous projects during the first half of the year 2008. The sales revenue, which had been disproportionately high during the same period last year on account of two major transactions, amounted to EUR 10.7 million (Q2/2007: EUR 14.3 million)during the first half of the year 2008.
In view of the very positive development and the enormous demand, the business segment of student living - which is implemented by the subsidiary Campus Real Estate AG - will account for a major share of the business activities.
Stuttgart, August 14, 2008
The Management Board
end of announcement euro adhoc
Further inquiry note:
Norbert Ketterer
Vorsitzender des Vorstands
Tel.: +49 (0)341 35520690
E-Mail: ir@altafides.de
Branche: Real Estate
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade