PropertyEU

Babis Vovos posts EUR 172m loss, scraps dividend

By A staff reporter 2009-04-01T00:00:00

Greek property developer Babis Vovos swung to a pre-tax loss of EUR 172 mln in 2008 from a profit of EUR 12 mln a year following a EUR 83.4 mln depreciation of its investment portfolio. Net Asset Value per share plunged by 26.6 % in 2008 to EUR14.66.

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