Astroc raises loss posted in third quarter to EUR 221 million

16th January 2008, Comments 0 comments

Spanish property company Astroc said Tuesday it had decided to revise its results for the third quarter of the year.

16 January 2008

MADRID - Spanish property company Astroc said Tuesday it had decided to revise its results for the third quarter of the year to include a charge against goodwill in keeping with a more prudent accounting approach.

As a result, it restated a net loss in the period July-September 2007 of EUR 221.1 million against the loss of EUR 96.3 million it had reported in November 2007.

Astroc's stock closed down 6.72 percent.

[Copyright EL PAÍS / Adrián Soto 2008]

Subject: Spanish news

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