Orco Q1 losses fall

Orco’s first quarter losses fell to €15.6m from €54.8m in the first quarter of 2009. Revenues also fell more than €3m to €51.5m in the same period, while operational costs fell 12%. EBITDA rose 42% to €8m. The developer reports that €43m of project refinancing took place in the first quarter.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s