RM-SYSTÉM»Události»ECM cuts loss in 2009
ECM cuts loss in 2009
04.05.2010 11:03
Developer ECM Real Estate Investments (ECM REI) cut its loss from ?92.1 million in 2008 to ?62.3 million in 2009, the firm said. ECM's net income from leases last year grew to ?13.8 million from ?13.2 million in 2008.
The result is below analysts' expectations. ECM assets last year fell by 49-6 percent to ?341.7 billion. As of March 31, the developer's portfolio consisted of 20 projects with a total area of 560,000 square meters. Besides the Czech Republic, ECM REI also operates in Russia and China. It was set up in 1991 by its current CEO and majority owner Milan Janků, who currently controls the firm via ECM Group.
3.5.2010, Czech Business Weekly
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