Realia swings to loss of EUR 43m

Spanish property company Realia swung to a net loss of EUR 43 mln in the first nine months of the year on the back of devaluations in its property portfolio. The company posted a profit of EUR 39 mln in the corresponding period a year before. Its turnover dropped by 32.2% year-on-year to some EUR 240 mln in the first three quarters of 2009.

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