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Make money with houses in the region

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Make money with houses in the region

Metehan Sen exudes a lot of self-awareness and confidence. air jordan 1 retro for sale No wonder, has franconofurt AG, working at the Sen as Chief Financial Officer and Chief Executive Officer, in 2006 nine times the profit after tax. The company buys in Frankfurt and the surrounding houses, converts part of it into condominiums for resale to, while other receives in his inventory. The stated goal is to sell through its subsidiary Rhein Main Francono AG, up to a fifth of the property. The company will continue to grow and invest more than 230 million euros this year. In addition to going public that buys houses in the Rhineland in the spring, the new daughter Francono West. Under these investors conflict situation has been well franconofurt The share price has risen by 46 per cent within a year. And since January, the fund company Franklin Templeton holds approximately five percent of the 50-strong what Sen called the knighthood franconofurt. So he is not embarrassed to even a cheeky slogan. The German bank has a return on equity of 25 percent air jordan 1 retro for sale before taxes, we have 25 percent after taxes, he says, given the recent financial results. Accordingly, the Frankfurt real estate group has earned 2006, nearly 7.7 million euros. Revenue quadrupled to 34.4 million euros . Earnings per share rose from 21 cents to 1.28 euros. Shareholders franconofurt, as FRIMAG AG went public in June 2005, will benefit with a dividend of 60 cents per share. According to Sen should continue to profit and dividend . rise The franconofurt buys his words in Frankfurt city townhouses for 1600 euros per square meter and sold condominiums for 2500 euros per square meter. The Rhine-Main-daughter has been bought 65 houses with 1500 apartments. Priorities are Frankfurt and Offenbach, where a quarter of the stock is followed by Mainz and Wiesbaden with 17 percent and Aschaffenburg, Darmstadt and Rüsselsheim, says CEO Ingrid Rose.

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