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28 May 2012

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Swiss Züblin back to profit in 2009/10; France improving

Zurich-based listed group Züblin Immobilien Holding turned in a net profit in its financial year to end-March of CHF10m, turning round a loss of CHF202m in 2008/9. Operating performance was strong despite lower rental income and its CHF1.5bn investment portfolio benefited from improving market conditions in its largest market, France. (See upcoming PIE Editions for full story)

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