RomReal hereby announces the highlights in connection with the Q4 2012 results:
- Statutory Net Asset Value (NAV) under IFRS was EUR 4.64 (NOK 35.0) per share at the end of Q4 2012, a slight increase of 0.8% compared to the end of Q3 2012.
- The end of year 2012 independent land bank portfolio valuation resulted in an average write-down of 9% compared to the independent valuation made at the end of 2011. This is reflected in the end of year 2012 financial statements.
- Pre-tax profit in Q4 2012 of EUR 0.4 million. Total assets at end Q4 2012 were EUR 35.2 million.
- The Company has finalised the documentation for the extension of the Alpha Bank loan in amount of EUR 11.6 million, under the terms and conditions already made public, see announcement of 29 November 2012.
- The Board plans to propose to shareholders a rights issue on a 20:1 basis during 2Q 2013 which is necessary to secure the required working capital going forward. See also announcement on 29 November 2012 for further details about the proposal.
RomReal invites investors, analysts and media to the conference call, to be held tomorrow Friday 01 March 2013 at 9.00 a.m. Oslo time.
Those who would like to attend the conference call are invited to dial:
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| For further information, please contact: Harris Palaondas Investor Relations Mob: +40 731123037 E-mail: investors@romreal.com | |||||||||||||||
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
