• Sun. Mar 3rd, 2024

Real Estate Investment Company Reports Lowered Performance in Q4 Due to Decreasing Property Values.


Feb 12, 2024
Investors House’s result impacted by decrease in real estate values

Investors House, a real estate investment company, recently released its financial statements for the last quarter and reported its results for October-December. During this period, the company experienced a decrease in turnover to 1.8 million euros from 2.1 million euros compared to the same period in the previous year. 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 0.1 million euros compared to 2.3 million euros in the previous year.

The decline in performance during the last quarter was primarily due to several factors such as a decrease in fully owned properties’ values by around 1

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