real estate, financial services, infrastructure
News Kardan 31-8-2007


KARDAN HALF YEAR 2007 RESULTS: STRONG ASSET GROWTH

  • High level of investments lead to sharp increase total assets to EUR 3.4 billion
  • Net profit in second quarter increased significantly to EUR 38.5 million (Q2 2006: EUR 6.1 million)
  • Strong second quarter resulted in net profit for the first half of EUR 34.1 million attributable to equity holders
  • Significant funds raised to finance further expansion: EUR 150 million in debentures raised on Kardan NV level and over EUR 400 million on group level
  • Restructuring of holdings in financial services activities bears fruit
  • Continued expansion in most countries of operations; new countries entered: Turkey, Albania, Macedonia and Kosovo

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