Meißen (pta029/11.07.2019/20:36) - B-A-L Germany AG closes the first half-year of the 2019 fiscal year with a net result of - 63,350.56 EUR. Adjusted for the one-off costs of the ongoing capital measures, the net profit amounts to 9,734 EUR.
In the period from 01.01.2019 to 30.06.2019, revenue from the letting of residential properties again increased significantly, and at 74,950 EUR is almost at the level of the entire previous year. Expenses rose to 119,287 EUR (adjusted: 48,156 EUR). This increase is mainly due to higher depreciation. Interest expenses fell to 4,818 EUR .
Taking into account the developments to date, the CEO currently expects a stable or slightly positive overall result in 2019. The completion of the ongoing capital measures and the integration of the acquired properties will result in a doubling of revenues compared to 2018.(end)