RomReal Q3 2010 Results
(Thomson Reuters ONE) -
RomReal hereby announces the highlights in connection with the Q3 2010 results:
* Statutory Net Asset Value (NAV) under IFRS was EUR 0.81 (NOK 6.6) per
share at the end of Q3 2010, a decline of 2.4% compared to the end of Q2
2010.
* Pre-tax loss in Q3 2010 of EUR 173,000. Total assets at the end of Q3
2010 were EUR 55.59 million.
* The Company's cash position at the end of Q3 was EUR 2.57 million.
Payroll expenses were 20% less compared to Q2 2010, following a further
reduction in the number of employees, to five (5).
* On the Corallia apartment project, as of the date of this report, all
of the 37 the apartments and commercial areas have been sold. There is
however, an ongoing arbitration process with one of the buyers.
* After the end of Q3, the company successfully sold the 'Bus Station'
plot in Constanta for EUR 2.3 million. As agreed during discussions with
Alpha Bank regarding a two year extension of the loan, EUR 2.1 million of
the proceeds have been used for a partial repayment of the loan.
RomReal invites investors, analysts and media to the results conference call, to
be held at 9.00 a.m. Oslo time on Friday 11th November 2010.
Those who would like to attend the conference call should dial:
Participant joining details:
UK Freefone dial-in number: 0800 169 0968
UK Direct dial-in number: 0208 996 3943
International direct dial-in number: +44 208 996 3943
Passcode: 766 330#
The conference call will be recorded and made available to download
fromwww.romreal.com shortly after the call has ended.
For further information, please contact:
Harris Palaondas, Investor Relations
Mob: +40 73 11 23 037
E-mail: investors(at)romreal.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1461827]
RomReal Q3 Presentation:
http://hugin.info/138565/R/1461827/401007.pdf
RomReal Q3 2010 Report:
http://hugin.info/138565/R/1461827/401006.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
Unternehmensinformation / Kurzprofil:
Datum: 12.11.2010 - 06:00 Uhr
Sprache: Deutsch
News-ID 48701
Anzahl Zeichen: 3025
contact information:
Town:
Hamilton
Kategorie:
Business News
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"RomReal Q3 2010 Results"
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