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| Risanamento announces results as at 30 September 2006 Italian real-estate company Risanamento S.p.A. approved the quarterly report as at 30 September 2006. Value of production is € 260 million (€ 479.4 million in the first nine months of 2005). Operating result is € 58.8 million, equivalent to 23% of production value. Net profit is € 0.5 million (€ 140.9 million in the first nine months of 2005). The book value of real estate is € 2.220 billion. Net financial indebtedness, amounting to € 1.685 million (€ 1, 228.1 as at 31 December 2005) includes significant property investments made over the period for a total of around € 400 million, the most important of which is in Paris (Blvd. Haussmann), in addition to around € 100 million invested in the development projects of Milano Santa Giulia and the Former Falck Area. write your comments about the article :: © 2006 Construction News :: home page |