RPT-Orco 9-mo net seen up on revaluation, acquisitions

22.11.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

 (Repeats story published late on Nov 21) 
    * Orco nine-month earnings 
    * Nov. 22, 6 p.m. (1700 GMT) 
    * Net profit average forecast 46.03 million euros 
     
    PRAGUE (Reuters) - Luxembourg-based Orco Property Group 
<ORCO.PA> is expected to have more than doubled nine-month net 
profit year-on-year due to acquisitions and a revaluation of 
assets, a Reuters survey showed on Tuesday. 
    Six analysts who cover the real estate developer had an 
average net profit forecast of 46.03 million euros ($59 million) 
for January-September, versus 17.98 million for the same period 
last year. 
    Analysts estimated Orco <ORCOsp.PR> would book a one-off 
gain of 59.1 million euros from an asset revaluation, compared 
with 27.26 million a year ago. 
    They added that the results would be boosted by this year's 
acquisition of German developer Viterra and the full 
consolidation of Croatian hotel chain Suncani Hvar. 
     
    Following is a summary of analysts' expectations (figures in 
millions of euros): 
 9M/06                Average   Median     9M/05         Range 
 REVENUES             96.93     91.16      36.13    79.70-121.60 
 REVALUATION          59.10     65.14      27.26    45.28- 66.50 
 OPERATING PROFIT     70.94     69.50      25.07    67.39- 79.34 
 NET PROFIT           46.03     45.35      17.98    41.83- 53.94 
    NOTE: Operating profit estimates are based on responses from 
five analysts. 
    The following equity houses took part in the poll: Atlantik 
FT, Cyrrus, ING Securities, KBC Securities/Patria Finance, 
Komercni Banka, Wood & Co. 
  ((Reporting by Jan Korselt; Editing by Jane Baird; Reuters 
Messaging: 
rm://jan.korselt.reuters.com@reuters.net; e-mail: 
prague.newsroom@reuters.com or marek.petrus@reuters.com; Tel: 
+420 224 190 477)) 
  
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  Keywords: PROPERTY CZECH ORCO  
    

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