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Pasal Development posts 9M2009 losses

26 November 09 - RE+D Magazine

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LAMDA DEVELOPMENT SA

Developer - GREECE

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Odisseas Athanassiou

Ceo LAMDA Development

Pasal Development booked losses (€6.2 mln) over profits (€2.6 mln) for the nine months of 2009 compared to the same period last year, a result due to losses from the revaluation at fair value of its investment properties, which amounted to €5.9 mln, over a profit of €4.1 mln.

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