Half-year results as per 30 June 2017
(WorldNews Switzerland)

PSP Swiss Property - Operating earnings in line with the Company`s expectations. Improved FY 2017 ebitda and vacancy rate forecast. Totalling CHF 80.4 million, net income (excluding changes in fair value) was as expected. The decline compared to the previous year`s result (H1 2016: CHF 89.0 million) was mainly due to the expected lower income from condominium sales. After the balance sheet date, the `Salmenpark II` residential project in Rheinfelden was sold for CHF 27.6 million. The related sales profit that originally was not expected for the current year will lead to improved FY 2017 operating results. Thus, an ebitda (excluding changes in fair value) of above CHF 240 million is now...