Corio books hefty writedowns in Spain and Germany

By A staff reporter 2012-08-08T00:00:00

Dutch listed retail specialist Corio saw net profit plunge 90% to EUR 11.7 mln in the first half of 2012 from EUR 122.8 mln in the year-earlier period. The sharp decline reflected a hefty writedown on the company's activities in Spain and Germany.

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