Ruric Interim report January - September 2010
(Thomson Reuters ONE) -
· Net turnover for the interim period amounted to SEK 27.1 m (35.5). For
the third quarter the turnover amounted to SEK 10.5 (12.0) m.
· The result after tax amounted to SEK 55.1 m (-491.2). The main
reasons to the improved result are explained by value changes in the property
portfolio in the comparative period and by composition gain. For the third
quarter the result after tax amounted to SEK -21.2 m (-27.5).
· Earnings per share amounted to SEK 1.15 (-43.23) for the interim
period and to -0.20 (-2.42) for the third quarter.
· Book value of the properties amounts to SEK 585.2 m (607.8). The
decrease is explained by a mix of a small increase in value and by a larger
negative exchange rate effects. The low liquidity in the market for real estate
transactions still makes assessment difficult.
Events after the end of the period:
· An application for refund of Russian construction VAT in the amount
approximately 30 MSEK was filed. If successful the funds are expected to be paid
out in January.
· Settlement and payment for the shares in Zao Grifon was made.
For additional information
Craig Anderson, CEO
Phone +7 812 703 35 50 (St. Petersburg)
phone +46 8 509 00 100 (Stockholm)
email craig(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.
[HUG#1465332]
Full interim report:
http://hugin.info/141656/R/1465332/403543.pdf
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Source: Russian Real Estate Investment Company via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 24.11.2010 - 16:29 Uhr
Sprache: Deutsch
News-ID 49079
Anzahl Zeichen: 2867
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Ruric Interim report January - September 2010"
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Russian Real Estate Investment Company (Nachricht senden)
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