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28 May 2012

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Austrian conwert boosts 2010 net, reorientation to continue

Vienna listed group conwert posted an 26% drop in funds from operation last year, to E53.6m, but net profit rose 8% and net asset value per share was stable at E15.56. This year, it plans to further increase the operating result and continue the strategic reorientation started in 4Q10. It is merging organisational units in Germany and Austria under a uniform structure.

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