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Babis Vovos swings to loss of EUR 25m in Q3
Date: 4 December 2009
Category: Market Watch
Greek property company Babis Vovos said it has swung to a pre-tax loss of EUR 25 mln in the first nine months of 2009, from a profit of EUR 41 mln in the same period a year before. Earnings dropped to EUR 15 mln in the third quarter as a result of 'adverse market conditions'. The figure compares to a profit of EUR 85 mln in the corresponding period in 2008.
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