Ruric Year - End Report 2011

(Thomson Reuters ONE) -


* Net turnover for 2011 amounted to SEK 40.6 m (36.3). In the fourth quarter
the turnover was SEK 10.9 m (9.2).
* The result after tax amounted to SEK -38.1 m (47.4). In the fourth quarter
the result after tax amounted to SEK -36.8 m (-5.7). The negative result is
directly attributable to the effects caused by the coupon payment on the
corporate bond in November. Indirectly, it is caused by the high leverage.
* Changes in the value of investment properties amounted to SEK 92.8 m (24.6)
and in the value of project properties amounted to SEK -38.9 m (37.6). The
net effect was SEK 53.9 m (62.2).
* Earnings per share amounted to SEK -0.37 (0.76) during 2011. In the fourth
quarter earnings per share amounted to SEK -0.35 (-0.05)
* Book value of the properties amounts to SEK 911.8 m (669.1). The significant
book value increase in the fourth quarter derives mainly from the conversion
of the Strelna land plot from financial asset to property.

Russian Real Estate Investment Company AB (publ)

For additional information
Adam Fischer, CEO
Phone    +46 8 509 00 101
email    afischer(at)ruric.com
web       www.ruric.com

ABOUT RURIC
Ruric's business strategy is to manage real estate in the centre of St
Petersburg. In addition Ruric shall also acquire real estate and implement value
creating additional investments at attractive conditions. Through professional
management and good tenant relations spaces of high class are offered to tenants
looking for possible spaces in central locations willing to pay for it. Ruric
offers primarily office- and retail premises.

Ruric's Certified Advisor at First North is Erik Penser Bankaktiebolag.




Year End Report 2011:
http://hugin.info/141656/R/1589290/499020.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: Russian Real Estate Investment Company via Thomson Reuters ONE

[HUG#1589290]

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 27.02.2012 - 17:06 Uhr
Sprache: Deutsch
News-ID 119012
Anzahl Zeichen: 2566

contact information:
Town:

Stockholm

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 172 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Ruric Year - End Report 2011"
steht unter der journalistisch-redaktionellen Verantwortung von

Russian Real Estate Investment Company (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

The reorganization in Ruric continues ...

At the creditors meeting today, the District court of Stockholm ruled that the reorganization of Ruric shall continue. The company and the administrator will now work out a detailed reorganization plan to be presented to the creditors. Russian Real ...

A preliminary reorganization plan is now made public and to be presented on the ...

The administrator that has been appointed by the City court of Stockholm, has today presented the preliminary reorganization plan, in which he recommends that the reorganization may continue. The City court will base their decision on whether to cont ...

Information regarding Ruric's reorganisation process ...

The reorganising process is processing satisfactorily and according to plan. As a direct consequence of the reorganisation process, Ruric has been informed by ÿhman Fondkommission as being the agent for the bonds, that the current terms of the bond ...

Alle Meldungen von Russian Real Estate Investment Company