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News Kardan 31-08-2009

KARDAN: SEMI ANNUAL RESULTS 2009

Loss in Q2-2009 of EUR 15 million mainly due to credit losses in banking activities
Insurance and Pension: capital gain on sale proves value creation ability
CEE Real Estate: 40% increase in rental income in CEE YoY and strong liquidity despite weak financial markets; revaluation losses
China Real Estate: significant increase in apartment sales in Q2-2009

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NEWS

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