RomReal : Fourth (4th) Quarter Financial Results and Investor Presentation
(Thomson Reuters ONE) -
RomReal hereby presents the main highlights of the 4th quarter 2011 results:
* Statutory Net Asset Value (NAV) under IFRS was EUR 0.55 (NOK 4.3) per share
at the end of Q4 2011, a decline of 11% compared to the end of Q3 2011. This
is mainly the result of a writedown of the value of the Group's Investment
property as a result of the annual independent valuation that has been
carried out.
* The Group performed the yearly independent land bank portfolio valuation
which resulted in a writedown of 8% compared to the end of 2010.
* Pre-tax loss in Q4 2011 of EUR 3.4 million. Total assets at the end of Q4
2011 were EUR 39.42 million.
* The Company is further focusing its resources to divest some of its land
bank in order to release cash and strengthen its financial position.
* The Company has ongoing communication with Alpha Bank regarding the
outstanding secured loan of EUR 11.6 million.
RomReal invites investors, analysts and media to the conference call, to be held
at 9.00 a.m. Oslo time.
Those who would like to attend the conference call are invited to dial:
Participant joining details
UK Freefone: 0800 389 7473
UK Direct: 01296 480 180
International direct: +44 1296 480 180
Global Access Numbers: http://www.btconferencing.com/globalaccess/?bid=54_automa
ted
Passcode: 615 068#
The conference call will be recorded and made available to download from
www.romreal.com
For further information, please contact:
Harris Palaondas, Investor Relations
Mob: +40 731123037
E-mail: investors(at)romreal.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
4Q2011 Presentation:
http://hugin.info/138565/R/1588675/498671.pdf
4Q2011 Report:
http://hugin.info/138565/R/1588675/498670.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: RomReal via Thomson Reuters ONE
[HUG#1588675]
Unternehmensinformation / Kurzprofil:
Datum: 24.02.2012 - 07:01 Uhr
Sprache: Deutsch
News-ID 118171
Anzahl Zeichen: 2826
contact information:
Town:
Hamilton
Kategorie:
Business News
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"RomReal : Fourth (4th) Quarter Financial Results and Investor Presentation"
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