RomReal hereby announces the highlights in connection with the Q3 2011 results:
- Statutory Net Asset Value (NAV) under IFRS was EUR 0.61 (NOK 4.7) per share at the end of Q3 2011, a decline of 2.8% compared to the end of Q2 2011. This is mainly caused by the unrealised foreign exchange losses as a result of further RON depreciation against EUR during the quarter
- Pre-tax loss in Q3 2011 of EUR 2.24 million. Total assets at the end of Q3 2011 were EUR 42.86 million.
- The Company continues its efforts to realise cash value from its land bank portfolio to strengthen its position by looking into the possibilities of selling smaller plots of land to small and medium size developers.
RomReal invites investors, analysts and media to the results conference call, to be held at 9.00 a.m. Oslo time on Friday 18th November 2011.
Those who would like to attend the conference call should dial:
| Participant joining details | |
| UK Freefone: | 0800 389 7473 |
| UK Direct: | 01296 480 180 |
| International direct: | +44 1296 480 180 |
| Global Access Numbers: | http://www.btconferencing.com/globalaccess/?bid=54_automated |
| Passcode: | 119 784# |
The conference call will be recorded and made available to download from www.romreal.com shortly after the call has ended.
For further information, please contact:
Harris Palaondas,
Investor Relations
Mob: +40 73 11 23 037
E-mail: investors@romreal.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
