Interim report January - June 2011

(Thomson Reuters ONE) -


* Net turnover for the interim period amounted to SEK 20.3 m (16.6). For the
second quarter the turnover amounted to SEK 9.7 m (8.6)

* The result after tax amounted to SEK -10.0 m (76.3). For the second quarter
the result after tax amounted to SEK -9.5 m (113.6). In the comparative
period a composition gain of SEK 117.4 m was recorded.
* Earnings per share amounted to SEK -0.10 (4.00) for the interim period and
to -0.09 (4.23) for the second quarter.

* Book value of the properties amounts to SEK 648.6 m (669.1). The low
liquidity in the market for real estate transactions still make assessments
difficult.

* The Minister of Defence in Russia approved that the investment agreement
regarding Moika /Glinky shall be amended, including the extension until
December 31(st) 2014. The amendment is not yet signed. The negotiations on
the terms are more difficult then expected.


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.

Interim Report January - June 2011:
http://hugin.info/141656/R/1542618/472407.pdf




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Source: Russian Real Estate Investment Company via Thomson Reuters ONE

[HUG#1542618]

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Datum: 31.08.2011 - 13:36 Uhr
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News-ID 61110
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