real estate, financial services, infrastructure
News Kardan 31-03-2008


KARDAN 2007 ANNUAL RESULTS: STRONG GROWTH AND PERFORMANCE

 

 

Highlights 2007

 

Net profit attributable to equity holders more than doubled to EUR 90 million (2006: EUR 41 million), due to real estate revaluations and divestments 

     

Sharp increase in total assets to EUR 4.3 billion (2006: EUR 2.2 billion), mainly due to consolidation TBIF

 

Over EUR 600 million of funds raised, both on holding and subsidiary level

 

Record results in Real Estate subsidiary with a significant pipeline of new projects

 

Strong growth in Financial Services segment, successful merger of Russian lending operations and acquisition of several insurance companies


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