2011/5/18

CROSSWOOD: slight decline in quarterly revenue

CROSSWOOD recorded a turnover of 892.000 euros in the first quarter of 2011, against 903,000 euros a year earlier.

The real estate investment company specializing in owning and managing real estate accounts for this decrease by the transfer of the Housing division.

Thus, at constant perimeter, sales rose to 60,000 euros.

"The leases already signed on the site Montivilliers have not yet taken effect but will, from the last quarter of 2011, to increase rental income by about 18%, "said CROSSWOOD.