2011 Half-year Report
Allreal announces convincing 2011 half-year result
Allreal announced a convincing result for the first half of 2011 and, therefore, continued along the lines of the previous year’s record high result. Total sales grew significantly by 24% to CHF 380.9 million.
Net profit including revaluation gains is reported as CHF 66.5 million, or 6.7% above that of the previous year.
Operating net profit (excluding revaluation gains) amounted to CHF 54.1 million, or only 5.7% below the previous year’s result which was characterised by cyclical profits arising from completed projects.
As at 30 June 2011, the Allreal share closed at CHF 138.50, or 1.7% above the closing price the previous year (31.12.2010: CHF 136.20), clearly exceeding the total market. The positive price development and the payout of reserves from capital contributions of CHF 5.50 per share resulted in a respectable overall performance of 5.7%.
Based on the favourable half-year results and the business development expected for the second half-year, Allreal anticipates operating results for the entire 2011 financial year at the previous year’s level.