PropertyEU

Raven Russia posts $189m loss in 2008

By A staff reporter 2009-03-31T00:00:00

AIM-listed Raven Russia posted a pre-tax loss of $189 mln in 2008, mostly due to the sharp revaluation of its warehousing property portfolio. Net Asset Value (NAV) per share amounted to $1.47 at the end of the year, down by 37% on 2007's level of $2.32.

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