Imotrust net profit falls 87.8% in the first half of 2008
11 August 2008
Leading Romanian real estate developer Imotrust posted a 87.8% drop in net profit in the first six months of the year, to RON 2.2 million (EUR 0.6 million), the company said. However, first half sales reached RON 10.5 million (EUR 2.9 million), 8 times higher, compared to the same period last year.
First half operating revenues amounted to RON 24.5 million (EUR 6.7 million), increased by 119.4% on the year, while operating expenses rose 41%, reaching RON 18.6 million (EUR 5.1 million).
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