DGAP-News: Franconofurt AG / Key word(s): Final Results/Dividend Franconofurt AG: Results 2010

25.03.2011 / 07:00

Franconofurt AG: Results 2010 Dividend proposal of EUR 1,05 per share

March 25, 2011 - Franconofurt AG (ISIN: DE0006372626) based on German GAAP reports for the year 2010 a net profit of EUR 8.6 million.

The equity for the group based on German GAAP amounted to EUR 65.8 Mio. as of 31.12.2011.

Franconofurt AG will propose the AGM to be held May 12, 2011 a dividend of EUR 1.05 per share.

Outlook: Franconofurt AG after selling its subsidiaries FranconoWest AG and FranconoAdvisory AG in the year 2010 is fully concentrating its business on the attractive Frankfurt residential market.

Besides the business of selling individual apartments in multi-tenant houses to owner-occupiers Franconofurt AG will additionally cover the demand for apartments in Frankfurt through its subsidiary Opera One AG. Opera One AG is acting as a developer of new or renovated living space in the City of Frankfurt. It is planned to stock exchange list Opera One AG.

The audited year-end accounts can be accessed through the company's home page www.franconofurt.de

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25.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Franconofurt AG
Rossmarkt 11
60311 Frankfurt am Main
Deutschland
Phone: +49 (0)69 920 374 100
Fax: +49 (0)69 920 374 101
E-mail: info@franconofurt.de
Internet: http://www.franconofurt.de
ISIN: DE0006372626
WKN: 637262
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart; Entry Standard in Frankfurt


End of News DGAP News-Service

116965 25.03.2011