TAG Immobilien AG's financial result and EBT to be rated EUR 4.5 million more positive than reported at the half-year
TAG Immobilien AG / Key word(s): Half Year Results24.08.2011 / 19:10---------------------------------------------------------------------Hamburg (24. August 2011) - In regard to its half-year report published on18 August 2011, TAG Immobilien AG ('TAG' in the following) notes that theinterest expenses of EUR 20.0 million recorded in Q2 2011 contains apartial amount of EUR 4.5 million, which represents a non-recurring expenseresulting from the takeover of Colonia Real Estate AG. This one-timeexpense incurred mainly through valuation differences during theconsolidation of the Colonia Real Estate AG and is in no way connected tothe company's operating interest expenses. In the presentation of theoperating result, this amount should be disregarded and therefore leads, inthe analysis, to a much better operating result than the coverage of thecompany's half-year result would indicate at first glance. In other words,the financial result (EBT) and hence the operating result for Q2 2011should be seen as EUR 4.5 million more positive than it appears.End of Corporate News---------------------------------------------------------------------24.08.2011 Dissemination of a Corporate News, transmitted by DGAP - acompany of EquityStory AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language: English Company: TAG Immobilien AG Steckelhörn 5 20457 Hamburg Germany Phone: 040 380 32 300 Fax: 040 380 32 390 E-mail: ir@tag-ag.com Internet: www.tag-ag.com ISIN: DE0008303504 WKN: 830350 Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 136836 24.08.2011
