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13 February 2012

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Immofinanz first quarter EBITDA nearly doubles, but property devaluations hit

Austria's listed real estate giant Immofinanz nearly doubled operating profit to e99.6m in first quarter of the 2008/09 financial year, but said final results were heavily hit by a decrease in the valuation of subsidiary Immoeast's assets. EBIT swung to a loss of e190.7m from e183m.

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