RomReal : Fourth (Q4) Quarter 2012 Financial Results Report and Investor Presentation.
2013-02-28 20:21:22 -
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
* 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
* 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:
Participant joining details
UK Freefone: 0800 389 7473
UK Direct: 01296 480 180
International direct: +44 1296 480 180
Global Access Numbers: www.btconferencing.com/globalaccess/?bid=54_automa
Passcode: 578 017#
For further information, please contact:
Mob: +40 731123037
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
RomReal Q4 2012 Report:
RomReal Q4 2012 Presentation:
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Source: RomReal via Thomson Reuters ONE