November 2 (SeeNews) - Bulgarian real estate investment trust (REIT) Elana Agricultural Land Opportunity Fund widened its net loss for the first nine months of the year by 55% to 1.532 million levs ($1.135 million/784,000 euro), the company said on Friday.
Following are figures from REIT's income statement (in millions of levs):
|
|
9-mo 2007 |
9-mo 2006 |
2006 |
| NET PROFIT/LOSS |
-1.532 |
-0.986 |
10.460 |
| PRE-TAX PROFIT/LOSS |
-1.532 |
-0.986 |
10.460 |
| TOTAL REVENUE |
0.628 |
0.703 |
13.253 |
| TOTAL COSTS |
2.160 |
1.689 |
2.793 |
Sofia-based Elana Agricultural Land Opportunity Fund was launched in June 2005 as the first real estate investment trust (REIT) in Bulgaria. The fund is part of Bulgarian financial group Elana Holding and is managed by Elana Property Management.
Elana Agricultural Land Opportunity Fund is included in the blue-chip SOFIX index of the BSE. Its shares tarded at 2.21 levs on Friday, unchanged from the previous close.
(1 euro = 1.95583 Bulgarian levs)