Sistema-Hals sheds $111m in H1 2009

By A staff reporter 2009-09-18T00:00:00

Russian real estate developer Sistema-Hals has posted a net loss of $110.8 mln (EUR 76 mln) in the first six months of 2009 as a result of 'depressed conditions in the Russian real estate market.' The figure compares to a net profit of $8.7 mln for the same period in ...

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