Immofinanz Group did not improved its performance in the first half of the 2012/2013 fiscal year, although its rent income increased by 15.1 percent, compared with the same period last year. The amount grew from EU 283.7m last year, to €326.7m. Despite this improvement, Immofinanz posted a 7.5-percent decline in its transaction volume over the first six month of its fiscal year. The deals for the period reached just €250m. The company said the strong cash-flow last year was driven by the Silesia City Centre and Maritimo Shopping Center sell-offs. The company’s net profit fell a worrying 61 percent in the period to €103.3m.
