HAMBURG (dpa-AFX) - TAG Immobilien significantly increased its profits in the first quarter thanks to good operating business and sales. Profits climbed by 60 percent to just under 53 million euros, the MDax-listed company announced in Hamburg on Tuesday.

The operating profit (FFO I), which includes both the German and Polish rental business, increased by five percent to just under 45 million euros. The forecasts for the current year were confirmed./zb/stk