euro adhoc: ALTA FIDES Aktiengesellschaft für Grundvermögen
Financial Figures/Balance Sheet
ALTA FIDES AG finishes successful business year . Preliminary figures for 2006, the year of floatation: Consolidated total turnover and operating res

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@


ALTA FIDES AG für Grundvermögen (ISIN: DE000A0B7EZ7), which has been quoted  on the Prime Standard of the Frankfurt Stock  Exchange  since December  2006, has concluded the most successful business year ever in its corporate  history with the sales and profit figures mentioned above.

The positive business development also continues during the business year  2007. By now, ALTA FIDES AG has been able to increase its property portfolio  to approx. 1,000 units comprising approx. 80,000 sqm. Moreover, another significant increase of the property portfolio is already being planned. In  the opinion of the company, the total turnover and operating results will more than double during the business  year  which  has  just  begun on account  of  the considerably increased business in the field of the sale of flats  to sitting tenants, the expansion in the field of the reconstruction of listed  buildings into the old federal states as well as the conclusion of the first contracts in the field of the acquisition and the utilization of non-performing loans.

The revenue generated by the company will  also  be  increased considerably  on account of the business expansion. For the year 2007,  ALTA  FIDES  AG  expects annual net profits exceeding EUR 13 million.

Leipzig, 09 February 2007 ALTA FIDES AG The Management Board

@@start.t2@@end of announcement                                                 euro adhoc 09.02.2007 07:34:20

ots Originaltext: ALTAFIDES Aktiengesellschaft für Grundvermögen
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Further inquiry note:

Branche: Real Estate
ISIN:      DE000A0B7EZ7
WKN:        A0B7EZ
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade

Weitere Meldungen: YOUNIQ AG

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