Research (J&T BANKA)
Czech markets  |  November 28, 2012 09:30:53

Results for 3Q12 Orco neutral revenue growth against operating loss

Orco after the end of trading yesterday published its economic results for the 3rd quarter 2012th The company's revenues grew by 4% to EUR 45.5 million mainly due to higher revenues from the hotel segment in Croatia and higher income from property development. However, the company got into the quarter operating loss of EUR -2 million due to depreciation of the German zaúčtovanému the Sky Office (EUR 13 million). On the contrary, the level of financial year has seen a significant improvement on the -15.5 million, but this was mainly thanks to favorable exchange rates. Net loss declined to 20 million.Results neutral, since the deterioration of the operational level as well as improving the financial level was primarily due to an accounting revaluation without affecting the cash flow of the company. Management expects sales this year from 250 to 270 million, with the main item will be the sale of Sky Office for EUR 117 million.

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Výsledky Orca za 3Q12 neutrální, růst tržeb proti provozní ztrátě

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