• 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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