IVG expects for 2005 net profit of €100 mln, higher net asset value, higher dividend (DE)

Because of the positive business development IVG Immobilien AG expects a net profit after income tax for 2005 in the range of €100 mln (2004: €74.9 mln).

All three divisions portfolio management including caverns, project development and funds management will contribute to this significant increase in earnings. In addition IVG expects for 2005 an increase in Net Asset Value, which amounted to €15.20 per share at the end of 2004. On account of the positive business development, the board of management intends to propose another increase in dividend for 2005. The dividend for the fiscal year 2004 amounted to €0.35 per share.

Source: IVG

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