Year -End Report 2009
(Thomson Reuters ONE) -
· Net turnover for 2009 amounted to SEK 42.1 m (67.7). The decline is
mostly attributable to the sale of Grifon, but also to increased vacancies and
lower rents.
· The Board's valuation, supported by external valuations, of the
properties was negatively affected by the company's financial problems during
the later part of the year, when the risk that the assets would be sold during a
short period, and thus to lower price, increased. Value changes in the
investment properties amounts to SEK -154.5 m (-158.1) and in project properties
to SEK -744.2 m (-244.8)
· The result after tax amounted to SEK -1,067.9 m (-350.7). The lower
result is explained by value changes in the property portfolio.
· Earnings per share amounted to SEK -93.88 (-48.32)
· Book value of the properties (including participations) amounts to SEK
939.8 (1,937.8) m.
· Ruric has filed for company reorganization. A composition proposal was
sent to the creditors in February 2010. This far, over 60% of the creditors have
accepted the proposal.
Attached: Year - End report
For additional information
Craig Anderson, CEO
Phone +7 812 703 35 50 (St. Petersburg)
Phone +46 8 509 00 100 (Stockholm)
e-mail craig(at)ruric.com
ABOUT RURIC
Ruric's business concept is to acquire, develop, manage, lease out and divest
real estate assets in St. Petersburg, Russia, offering top-quality commercial
premises in the best locations, thus contributing to the successful business
performance of its tenants. The company's vision is to become a leading real
estate company in central St. Petersburg.
The company's strategy is to identify high-potential real estate in the city
centre of St. Petersburg, structure appropriate deals and acquire at best price.
After renovation top-notch commercial space is offered to tenants seeking the
best possible premises and that are willing to pay for such premises.
Ruric's Certified Advisor on First North is Erik Penser Bankaktiebolag
[HUG#1389031]
Year - End report 2009: http://hugin.info/141656/R/1389031/347244.pdf
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Datum: 26.02.2010 - 07:27 Uhr
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