Ablon swings to H1 loss, plans to skip dividend

Ablon Group has said it remains optimistic about 2008 despite swinging to a first half pre-tax loss of EUR 14 mln from a pre-tax profit of EUR 23 mln the year before. But the Central and Eastern European real estate owner and developer said it would not pay dividend this year given the volatility in global financial markets and the resulting uncertainty. The company said it believed shareholders' interests could be better served by retaining its earnings.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories