Czech property firm ECM Q1 net profit plunges

28.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech property group ECM Real Estate Investments on Monday reported a 64.7 percent drop in first-quarter net profit to 821,000 euros ($1.1...

...million) due to increased expenses stemming from a corporate reorganisation.

The developer, which went public in December 2006, said its net operating profit rose 29.8 percent year-on-year to 5.1 million euros before financing costs.

Total assets amounted to 338.2 million euros, a 1.5 percent year-on-year increase.

[PRAGUE/Reuters/Finance.cz]

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