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Saturday, 04. February 2012 - 10:02

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Tragic schoolgirl Julia to be laid to rest An Austrian schoolgirl whose disappearance was once linked to incest monster Josef Fritzl is to be buried today.
Camera leads to hit and run boarder arrest Austrian police have arrested a hit-and-run snow boarder after issuing the man's picture to local media.
Vranitzky appreciates tuition fees discussion Former Social Democratic (SPÖ) Chancellor Franz Vranitzky has said he welcomes the current debate about a reintroduction of tuition fees.
Westbahn welcomes 6,000 a day Westbahn manages to sell one in two of the overall number of tickets it offers, a spokesman said today (Fri).
Wiener Linien records rising demand for annual passes The number of people opting for annual Wiener Linien tickets is soaring.
Vice chancellor refuses to exclude FPÖ The People’s Party (ÖVP) keeps refusing to disassociate itself from the Freedom Party (FPÖ) following FPÖ leader Heinz-Christian Strache’s controversial comparisons with the Nazi era.
Vienna ÖVP endorses proposed district cuts Vienna People’s Party (ÖVP) Josefstadt district head Veronika Mickel suggested continuing to speak about a reduction of positions in the city's administration.
Electricity prices 'should be lower' The head of energy sector authority E-Control has claimed Austrians are paying too much for electricity.
Ellensohn ready for district cost cutbacks Viennese Councillor David Ellensohn has claimed Austria’s financial difficulties could be solved in one step if the People’s Party (ÖVP) gave up its blockade against a tax on assets.
ÖVP-FPÖ coalition option unaffected by 'New Jews' quote Leading People’s Party (ÖVP) representatives have refused to rule out forming a coalition with the Freedom Party (FPÖ) after the coming election - despite disputed statements by the right-wing party’s chairman.
Hundstorfer confident despite rising unemployment Austria registered a rise in joblessness last month – but the number of employed people rose as well.
Retail trade turnover tumbles Austria’s retail trade has suffered a decline in turnover.

17. 08. 10. - 17:00

Immofinanz back in the black

Austrian real-estate firm Immofinanz AG reported today (Tues) that it was back in the black during its 2009-2010 business year (1 May to 30 April).

The firm said that preliminary figures showed it had enjoyed a profit of 208.3 million Euros after having lost 3.4 billion Euros during its previous business year. Immofinanz called its profit "a solid, positive result."

It managed to make a profit during its last business year despite experiencing a fall in turnover to 719.2 million Euros from 736.2 million Euros during its previous business year. The firm attributed the lower turnover to sales of property and consequent lower rental income.

At the same time, Immofinanz cut its overall costs to 114 million Euros from 235.5 million during its previous business year.

The firm said its restructuring was almost complete and it was enjoying a "sustainable trend forward."

It added that it would focus on optimisation of its real-estate portfolio, selective reactivation of development projects and the sale of non-core assets during the coming year.

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