PropertyEU

Orco books further losses after writedowns

By A staff reporter 2010-04-01T00:00:00

Orco Property Group reported a net loss of EUR 250.6 mln in 2009 on revenues down 16% at EUR 251 mln. The decline reflected a 12% writedown of the real estate portfolio by EUR 232 mln to EUR 1.81 bn. Over the past two years, Orco has seen ...

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