Intercontinental International Real Estate Investment Company Announces Earnings Results for the First Half Ended June 30, 2018
Intercontinental International Real Estate Investment Company announced earnings results for the first half ended June 30, 2018. For the period, rental income was €3,392,000 against €2,739,000 a year ago, increased by 23.8%, due to new investment and the revaluation of rents. Operating income before tax was €5,503 against €2,632 a year ago, increase of 109.1%. Earnings before taxes amounted to €5,262,400 against €1,078,400 a year ago. Net profits of the period were €4,908,000 against €716,000 a year ago. Adjusted EBITDA was €2,515,818.