PropertyEU

AFI Development's NAV drops by 60% since June

By A staff reporter 2009-03-17T00:00:00

Russian property builder AFI Development has seen its Net Asset Value per share fall by 60% over the past six months to $4.82, from $12.11 at end-June 2008. On Tuesday, the company reported a loss of $107.86 mln in 2008 compared with a profit of $215.6 mln at end-2007. The ...

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