Czech Orco end-2006 NAV 92 euros/shr

22.01.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech real estate developer Orco net asset value (NAV) rose to 92 euros per share at the end of last year from 49.7 euros at the end of 2005,...

...the company said on Monday.

Four analysts contacted by Reuters, on average, expected NAV to rise to 83.6 euros per share from 70 euros at the end of the first half.

The company said 2006 sales reached 172 million euros, below the firm's outlook of 180 million. Orco said it saw 2007 sales at 233 million euros.

It added it was selling most of its hotel portfolio in a transaction to be completed in March.

[PRAGUE/Reuters/Finance.cz]

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