real estate, financial services, infrastructure
News Kardan 31-03-2009


KARDAN 2008 RESULTS POSITIVE DESPITE DIFFICULT MARKETS

 

  • Fourth quarter profit of EUR 29 million brings annual profit to EUR 52 million
  • Real Estate: increase in rental income of investment properties drives positive revaluation result
  • Financial Services: negative result due to operating losses and goodwill impairments
  • Water related Infrastructure incurred operating losses and impairment of investments
  • Kardan and Group companies focus on liquidity until turmoil on financial markets calms down;
  • Merger of Kardan N.V. and GTC NV increased transparency of Kardan N.V.


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