Sonae Sierra sees losses narrow to EUR 160 mln in 2009

By A staff reporter 2010-03-21T00:00:00

Portuguese developer Sonae Sierra booked a net consolidated loss of EUR 159.9 mln in 2009 compared with a negative consolidated result of EUR 185.5 mln a year ago. The company attributed the losses to further writedowns of its assets. However, it added that the pace of devaluation started to slow ...

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