•    Revenues add up to EUR 70.7 million
•    Profit for the year amounts to EUR 1.6 million

Chinese property developer Madison Property AG (ISIN DE000A0V9KR3 / WKN A0V9KR / Ticker MPD) reached revenues of EUR 70.7 million during the financial year 2011/2012, ending on April 30th 2012. This represents a slight decrease of 2.3% or EUR 1.7 million compared to the revenues of the previous year (EUR 72.4 million). The financial year 2011/2012 is heavily affected by governmental regulations, leading to extensive impacts on the real estate market and industry development.  Due to the enforced macro-control measures for the real estate market implemented by the Chinese Government, the reduction of revenues is a consequence of the unwinding sold gross floor space. The net profit fell by 84.8% to EUR 1.6 million (2010/2011: EUR 10.7 million), mainly due to decreasing sales prices as a result of the regulatory Government measures as well as due to higher cost of sales. In line with this decrease, net profit margin was reduced to 2.3% as well. Nevertheless, the equity ratio reached 41.1% in comparison to last year's 30.8%.

You can find the complete report under:

http://www.madison-property.com/en/investor-relations/publications/financial-reports.html

About Madison Property AG
Madison Property AG is a German stock corporation under the laws of Germany with its legal seat in Berlin. It is the holding company of Madison Property Group Limited which operates as a large scale property developer with its local subsidiaries in China, mainly in the Shandong Province and the municipality of Chongqing. Founded in 1998, Madison already completed and successfully sold 17 projects/project phases. It is focused mainly on residential properties with high quality and travel as well as leisure properties. Madison is recognised as a Class I property developer by the People's Republic of China Ministry of Housing and Urban-Rural Development and can therefore undertake projects nationwide without limitation on the construction scale.

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