Year - End Report 2010
(Thomson Reuters ONE) -
· Net turnover for 2010 amounted to SEK 36.3 m (42.1). The decline is
mostly attributable to vacancies. In the fourth quarter the turnover was SEK
9.2 m (6.6).
· The result after tax amounted to SEK 47.4 m (-1,067.9). The improved
result is explained by value changes in the property portfolio during previous
year and by composition gain. In the fourth quarter the result after tax
amounted to SEK -5.7 m (-576.7).
· Value changes in the investment properties amounts to SEK 24.6 m (-
154.5) and in project properties to SEK 37.6 m (-744.2).
· Earnings per share amounted to SEK 0.76 (-93.98) during 2010. In the
fourth quarter earnings per share amounted to SEK -0.05 (-50.75)
· Book value of the properties amounts to SEK 669.1 m (607.8). The
change is explained by a mix of positive value change and negative exchange rate
change. The illiquid market is still making it difficult for surveyors in the
assessments of real estate, but there is a distinct positive change during the
fourth quarter.
· After the end of the period the Minister of Defence in Russia issued
an order that the investment agreement regarding Moika /Glinky shall be amended,
including the extension until December 31(st) 2014.
· Ruric's application for reimbursement of construction VAT has been
approved. The amount, approximately SEK 28 m, is expected to be paid out in mid
March.
For more information, please contact:
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 on First North is Erik Penser Bankaktiebolag
Ruric Year-End Report 2010:
http://hugin.info/141656/R/1492077/427846.pdf
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(i) the releases contained herein are protected by copyright and
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(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#1492077]
Unternehmensinformation / Kurzprofil:
Datum: 24.02.2011 - 13:13 Uhr
Sprache: Deutsch
News-ID 51877
Anzahl Zeichen: 3180
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Year - End Report 2010"
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