RPT-Czech Orco Q1 net drops, revenues jump

31.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

(Repeats story published late on Thursday)...

...

Czech real estate developer Orco Property Group said on Wednesday its net profit dropped to 0.44 million euros in the first quarter from 7.34 million a year ago.

Last year, Orco reported higher profits due to an asset revaluation, but the firm had no new project up for revaluation in the first quarter, it said in a statement.

Orco said sales revenues jumped by 263 percent to 58.6 million euros from 16.15 million. It said it maintained its full-year sales outlook of 223 million euros.

[PRAGUE/Reuters/Finance.cz]

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