March 4, 2024 12:51 pm
Investors House’s result impacted by decrease in real estate values

Investors House, a real estate investment company, released its financial statements for the previous year and announced its results for the quarter of October-December. During this period, the company experienced a decline in revenue to 1.8 million euros from 2.1 million euros compared to the same period the year before. The net income also dropped to 0.55 million euros from 0.65 million euros, while the operating result decreased to 0.34 million euros from 0.36 million euros. Additionally, the reported operating profit went down to 0.04 million euros from 3.9 million euros, and the overall result for October-December was just 0.1 million euros compared to 2.3 million euros in the previous year.

Several factors contributed to this decline in performance during the last quarter, including a decrease in fully owned property values by around 1.0 million euros, a goodwill write-down of subsidiary Juhola Asset Management by 0.6 million euros, and incentive fees totaling 0

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