Press release
Publication of MAGNAT's interim report for the first quarter of fiscal year 2012/2013 to be delayed
Frankfurt am Main, August 13, 2012 - As reported in an Ad-hoc statement on June 6, 2012, MAGNAT Real Estate AG ('MAGNAT', ISIN DE000A0XFSF0) is restating the acquisition of R-Quadrat Group. As reported on July 30, 2012, the publication of the financial statements for financial year 2011/2012 (as per March 31, 2012) and accordingly also the annual report for financial year 2011/2012 will be delayed due to the high complexity of the restatement, the due care required, and the necessary close consultations with the auditor. Accordingly, the publication of the interim report for the first quarter of fiscal year 2012/2013 as per June 30, 2012 will also be delayed. Subsequent to the publication of the financial statements for financial year 2011/2012 in the course of next week (August 20 through August 24), MAGNAT will report about the development in the first quarter of fiscal year 2012/2013 in a timely manner.About MAGNAT
MAGNAT Real Estate AG is the first publicly traded real estate company in Frankfurt that focuses on real estate development in Austria and selected countries within the emerging economies of the Black Sea region. MAGNAT is an integrated real estate group, addressing the entire value chain and covering the acquisition, development, and disposal of projects and construction land. The Group also offers real estate asset management.
Contact
MAGNAT Real Estate AG
Investor Relations
Lyoner Straße 32
D-60528 Frankfurt am Main
Phone: +49 (0) 69-719 189 79 0
Fax: +49 (0) 69-719 189 79 11
Email: ir@magnat.ag
Web: www.magnat.ag
Press Relations
edicto GmbH
Axel Mühlhaus / Werner Rüppel
Phone: +49 (0) 69-905 50 55 2
Email: amuehlhaus@edicto.de
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Publication of MAGNAT's interim report for the first quarter of fiscal year 2012/2013 to be delayed here
News-ID: 232558 • Views: …
More Releases from MAGNAT Real Estate AG
MAGNAT sharpens focus on commercial properties in Germany
- Sale of co-proprietor’s building schemes in Vienna results in positive effect on earnings
- Consolidated liabilities down by around EUR 2.8 million
- Substantial costs savings achieved as early as the current fiscal year
Frankfurt am Main, June 14, 2013 – MAGNAT Real Estate AG („MAGNAT“, ISIN DE000A0XFSF0) today announced that the last residential units of its remaining co-proprietor’s building schemes in Vienna and the asset management of co-proprietor’s building schemes that were already placed…
MAGNAT achieves Group net income of EUR 12.9 million in financial year 2011/12
Frankfurt am Main, August 23, 2012 – MAGNAT Real Estate AG’s („MAGNAT“, ISIN DE000A0XFSF0) results for financial year 2011/12 were largely impacted by an accounting change. Based on the examination of the accounting as per March 31, 2010 by the German Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR), the consolidated financial statements for financial years 2009/2010 and 2010/2011 were adjusted retrospectively concerning the integration of the R-QUADRAT Group.…
Publication of MAGNAT's financial statements for fiscal year 2011/2012 to be del …
Frankfurt am Main, July 30, 2012 - As reported in an ad hoc statement on June 6, 2012, MAGNAT Real Estate AG ('MAGNAT', ISIN DE000A0XFSF0) is restating the acquisition of R-Quadrat Group. The high complexity of the restatement will lead to a delay of a few days in the publication of the financial statements for financial year 2011/2012 (as per March 31, 2012) and accordingly also the annual report.
About MAGNAT…
MAGNAT Real Estate AG with significant impairments of the portfolio in financial …
– The economic conditions in the target region Eastern Europe have significantly
deteriorated due to the exacerbating economic crisis in the eurozone
– Examination of financial statements as at March 31, 2010 requires a change in the accounting for the acquisition of R-Quadrat
Frankfurt am Main, June 6, 2012 – In its financial statements for financial year 2011/2012 (as per March 31, 2012), MAGNAT Real Estate AG („MAGNAT”, ISIN DE000A0XFSF0) once again…
More Releases for Frankfurt
Fugenial GmbH+++ambiente 2023++Frankfurt am Main
Zeulenroda-Triebes - From the 03rd to the 07th of February 2023, the ambiente trade fair will take place in Frankfurt am Main. An international gathering of the leading manufacturers in the consumer goods sector. The platform for products and ideas that is in the spotlight of global trends. You will find Fugenial GmbH in Hall 9.2 Stand F100.
We are pleased to be part of this extraordinary fair. All areas of…
IPTV at Frankfurt Airport
At Frankfurt Airport, dreams of the future already come as standard: television and radio programmes are distributed all over the airport grounds site using IPTV. The existing network infrastructure is used as a basis here. The operating company, Fraport AG uses the IPTV hardware and software of manufacturer Teracue for its distribution.
More than 90 television and radio channels are distributed over the IPTV network at Frankfurt Airport today. Amongst others,…
Counting down to Cleanzone in Frankfurt
In just a few days, Cleanzone, the international trade fair for cleanroom technology, will be opening its doors in Frankfurt for the first time, presenting some 40 market leaders with their products and services in Hall 4.0 on 24 and 25 October. There will be a great deal of hands-on expertise and industry highlights on offer for cleanroom users, not to mention a wealth of scientific know-how provided by prominent…
EXPATS IN FRANKFURT | Frankfurt Community Activities
„New in Town | Meet new people in Frankfurt and Rhine-Main-Region"
-
International Expat Community Group starts now in Frankfurt as a non-profit socializing club.
-
Our aim is to bring local people and Expats together to have fun with different people while doing sport, party, travel and social events, meet up with new people in the Frankfurt and the Rhine-Main-Area.
We organize events or just bring people together for some sport like running,…
New Expats in Frankfurt | New Expat Community in Frankfurt
„Expats New in Town | Community for Expats in Frankfurt and Rhine-Main-Region”
International Expat Community Group | Easy Expat Community in Frankfurt am Main.
Meet fellow Expats from Frankfurt’s international community on our regulary events!
Our aim is to bring local people and Expats together to have fun with different sport, party, travel and social events, meet up with new people in the Frankfurt and the Rhine-Main-Area.
We organize events or just bring people…
Clariant Builds Innovation Center in Frankfurt
More than 50 million Euros for global innovation center
500 jobs in an innovative office and laboratory concept
CEO Kottmann: Clariant to become an innovation leader in its areas
Muttenz / Frankfurt, 15 December 2010 – Swiss specialty chemicals company Clariant is planning to expand its global research and development (R&D) activities at its site in Frankfurt, Germany. The new, 23,000 square meter “Clariant Innovation Center” is due to be completed by the…