real estate, financial services, infrastructure
News Kardan 30-11-2007


KARDAN THIRD QUARTER 2007 RESULTS: INCREASED REVENUES DUE TO REVALUATION GAINS AND EXPANSION FINANCIAL SERVICES ACTIVITIES

  • Net profit increase to EUR 75.2 million (Q3 2006: EUR 55.4 million)
  • More than EUR 500 million in debentures raised in first 9 months to fund further expansion
  • Equity investment of Israel Discount Bank in KFS reflects significant increase in value of the Financial Services business and an estimated gain for Kardan of EUR 28 million at completion
  • Successful merger of banking operations in Russia
  • Strong performance of Real Estate activities
  • Increase in total assets to EUR 3.7 billion (from EUR 2.2 billion at 31 December 2006)
  • Infrastructure business expands in China
  • Continued


Download the complete file here



back