• Thu. Feb 29th, 2024

Investors House Reports Lower Financial Results for October-December, Citing Decrease in Property Values and Goodwill Write-Downs

ByEditor

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 previous year and disclosed its results for the period of October-December. During this time, the company experienced a decrease in turnover 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 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 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 around 0

Leave a Reply