RomReal Q3 2009 Results
(Thomson Reuters ONE) - RomReal is pleased to report the highlights in connection with the Q32009 results:Statutory Net Asset Value (NAV) under IFRS was EUR 1.06 (NOK 9.4) pershare at the end of Q3 2009, a decline of 9.4% compared to the end ofQ2 2009.Due to the general uncertainty in the Romanian real estate market anda very low number of transactions, the Board have taken the decisionto write down the land bank with 8%. This has been done on an assetby asset basis.Pre-tax loss in Q3 2009 was EUR 5.98 million. Total assets at the endof Q3 2009 were EUR 70.18 million.Ongoing operational expenses (adjusted for extraordinary items) wereabout 60% lower in Q3 2009 than in Q3 2008, reflecting the reducednumber of employees and very firm cost control.The construction work on the Corallia apartment project is formallycompleted as the official hand-over document ("Proces Verbal laTerminarea Lucrarilor") has been signed by representatives ofRomReal, Constanta City Hall and the construction company Baumeister.Following the hand-over, some small works are being conducted toclean the site and correct minor snags. Going forward, RomReal willproceed to complete all formal administrative filings and theninitiate the handover of the flats/commercial areas to the buyers.RomReal invites investors, analysts and media to the resultsconference call, to be held at 9.00 a.m. Oslo time on Friday 13November 2009.Those wishing to attend the call are invited to dial:International Dial-in number: +44 1296 311 600UK Direct dial-in number: 01296 311 600Other Global Access Numbers:http://www.btconferencing.com/globalaccess/?bid=50_attended&v=2Participant passcode: 920 198#The call will be recorded and made available to download fromwww.romreal.com.For further information, please contact:Ulf Lund, Investor RelationsTel: +44 20 7802 1928Mob: +44 7920 501 090E-mail: investors(at)romreal.comhttp://hugin.info/138565/R/1354750/328597.pdfhttp://hugin.info/138565/R/1354750/328599.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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" alt="Osisko Strengthens Balance Sheet With $241 M Proceeds From Exercise of $5.45 Warrants
Datum: 13.11.2009 - 04:24 Uhr
Sprache: Deutsch
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