Immoeast posts pre-tax loss of EUR 1.9bn in H1

By A staff reporter 2008-12-22T00:00:00

CEE property investor and developer Immoeast said on Friday it booked a 'massive loss' in the first half of the year as a result of extensive depreciations on investment properties and development projects in the wake of deteriorating market conditions. Immoeast, part of Austrian group Immofinanz, said its earnings before ...

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