BFW Liegenschaften AG Reports Earnings Results for the First Half of 2017; Provides Earnings Guidance for the Second Half of 2017
BFW Liegenschaften AG reported earnings results for the first half of 2017. For the period, the company reported total operating income of CHF 10,454,000 compared to CHF 9,941,000 a year ago. EBIT was CHF 16,320,000 compared to CHF 17,471,000 a year ago. Earnings including effects from changes in fair value of real estate investments/deferred taxes were CHF 13,241,000 compared to CHF 5,970,000 a year ago. Earnings excluding effects from changes in fair value of real estate investments/deferred taxes was CHF 5,914,000 compared to loss of CHF 2,604,000 a year ago. Earnings excluding fair value adjustments of interest rate swaps/deferred taxes were CHF 11,766,000 compared to CHF 12,553,000 a year ago.
For the second half-year 2017, the company expects to achieve similar operating results at the EBIT level (excluding effects from changes in fair value of real estate investments) like in the first half-year 2017.