Investors House, a real estate investment company, has released its financial statements for the last quarter and presented the results for October-December. During this period, the company experienced a decline in revenue from 2.1 million euros to 1.8 million euros compared to the same quarter of the previous year. Their net income also decreased from 0.65 million euros to 0.55 million euros, while the operating result fell from 0.36 million euros to 0.34 million euros. Furthermore, the reported operating profit decreased from 3.9 million euros to just 0.04 million euros, resulting in a total loss of 0.1 million euros compared to a profit of 2.3 million euros in the previous year.
Several factors contributed to this decline in performance during the final quarter of the year, including a reduction in the value of fully owned real estate by approximately EUR 1.0 million and a write-off of goodwill for subsidiary Juhola Asset Management by EUR 0.6 million. Additionally, incentive fees totaling EUR 0