Kardan hit by CEE writedowns

By A staff reporter 2010-03-26T00:00:00

Kardan, the real estate, financial services and infrastructure firm, reported a net loss of EUR 92 mln in 2009 mainly due to negative revaluation results in its CEE real estate activities and credit losses in its banking activities. However, operating revenues for GTC, Kardan's CEE Real Estate division, increased by ...

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