LONDON (Thomson Financial) - AIM quoted property developer R.G.I.
International Ltd. said its net asset value per share rose to $16.18 per share
from $15.51 in the six months to June 30, but it incurred a pretax loss of
$11.58 million compared to profit of $673,107 last year.
The company, however, claimed it remains focused on its project executions
despite the economic downturn, and that it has made good progress in the first
half and expects to see the second of its projects, the Tsvetnoy Development, to
be completed by the year end.
Executive chairman Jacob Kriesler said, "we have succeeded in raising
significant debt finance for the business and construction is on track to start
on a number of our developments in 2009," he added.
TFN.newsdesk@thomson.com
vsr/tc
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|