Reyal Urbis' loss narrows to EUR 69m in H1 2009

Spanish property company Reyal Urbis said it reported a loss of EUR 69 mln in the first half of the year, representing an 80% improvement compared to a loss of EUR 332 mln in the same period last year. In a statement to the Spanish financial market regulator CNMV on Friday, the company said its turnover amounted to EUR 419 mln in the first six months of 2009, down by 58% on last year's volumes.

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