RomReal : First Quarter 2012 Financial Report and Investor Presentation
(Thomson Reuters ONE) -
RomReal hereby announces the highlights in connection with the Q1 2012 results:
* Statutory Net Asset Value (NAV) under IFRS was EUR 0.54 (NOK 4.0) per share
at the end of Q1 2012, a decline of 1.5% compared to the end of Q4 2011.
This is mainly driven by the unrealised foreign exchange losses as a result
of the depreciation of the RON against EUR by 1.4% during the quarter.
* Pre-tax loss in Q1 2012 of EUR 0.6 million. Total assets at the end of Q1
2012 were EUR 39.10 million.
* Total operating expenses were reduced with another 23% less compared to Q1
2011.
* The Company is focusing its resources on divesting part of its land bank in
order to release cash and strengthen its financial position.
* To conform with the Oslo stock exchange regulation and following the
approval from the 2012 Annual General Meeting, the Company is proceeding
with a reverse share split with ex date 18 June 2012 where 10 old shares
will give 1 new share . The reverse share split will have as a result that
the total number of shares in the Company is reduced from 49,247,366 to
4,924,736, and the nominal value of each share will change from ?0.0001 to
?0.001. This is a post period event.
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 169 0968
UK Primary: 0844 800 3849
International direct: +44 844 800 3849
UK Direct: +44 208 996 3943 (Only to be used if experiencing
problems dialing primary number)
*Note: Some locations may be unable to access the primary dial-in number and the
International direct-dial in number. If you are calling from one of these
locations, please use +44 208 996 3943 from within the UK and +44 208 996 3943
from outside the UK to join this conference. Global Access Numbers:
http://www.btconferencing.com/globalaccess/?bid=54_automated
Passcode: 168 933#
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.
RomReal 1Q2012 Presentation:
http://hugin.info/138565/R/1612536/513331.pdf
RomReal 1Q2012 Report:
http://hugin.info/138565/R/1612536/513329.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#1612536]
Unternehmensinformation / Kurzprofil:
Datum: 16.05.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 147012
Anzahl Zeichen: 3521
contact information:
Town:
Hamilton
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"RomReal : First Quarter 2012 Financial Report and Investor Presentation"
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RomReal (Nachricht senden)
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