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2010-03-26 16:47:17 CET 2010-03-26 16:48:17 CET REGULATED INFORMATION Reitir II - Financial Statement ReleaseFinancial results for Reitir II 2009Reitir II ehf. (previously Landsafl ehf.) announces a loss of ISK 4.450 million for the year 2009 compared to a loss of ISK 13.229 million in 2008. The biggest contributors are the depreciation of the company's investment properties and the depreciation of the Icelandic Krona. Total revenues amounted to ISK 1.743 million (2008: ISK 1.644 million) and net operating profit amounted to ISK 1.343 million (2008: ISK 1.269 million). Reitir II's total assets at year end 2009 were ISK 21.232 million, long term debt ISK 17.128 million and total equity amounted to ISK 3.850 million. 2009 was an eventful year for Reitir II, highlighted by a successful financial restructuring that ended in October. In light of the current market situation, the prospects for 2010 are positive. Reitir II are 100% owned by Reitir fasteignafélag hf. For further information please contact: Viðar Þorkelsson, CEO Reitir fasteignafélag hf. Tel: +354-575-9000 |
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