KWG Kommunale Wohnen AG, long-term owner and operator of a portfolio of apartments in Germany, has been motivated by the company's very positive development in 2010 to make a more specific forecast for the year as a whole. The company expects Group annual net income of at least 4 million euros, with cash profit accounting for a good 20% of the total result. With these figures, KWG is looking forward to by far the best result in its history: profit is expected to be at least 25% above last year's level, and as much as five times higher than in 9249.
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