Orco's president Jean-Francois Ott said he estimates the company's net asset value per share to be around EUR 104 as of end-2007, down from EUR 115 at the end of the first half. 'The drop is the result of a decline in Orco Germany's share price from EUR 12,5 (in mid-2007) to EUR 10,2 at year-end,' Ott said. 'I profoundly believe that we will experience continued NAV growth and increased cash profits in 2008', he added.
Premium subscriber content – please log in to read more or take a free trial.
