BFW Liegenschaften AG announced financial results for the first-half of 2014. The first-half net profit contracted by 82% to CHF 1.9 million (USD 2 million/EUR 1.5 million), due to the sale of four properties in the end of 2013. Earnings before interest and tax (EBIT) dropped by 25% to CHF 7 million, due to negative effects of CHF 3.1 million, incurred by fair value changes in the interest rate swaps and receiver swaptions.

Net rental income contracted by 18% to CHF 8.1 million, due to the sale of properties.