Spain's largest real estate company Metrovacesa has swung into the red with a net loss of EUR 41.5 mln in the first nine months of 2008 from a net profit of EUR 1.08 bn a year earlier. Total revenue stood at EUR 1.13 bn for the first nine months, up 70% on the EUR 666 mln figure reported in the same period last year. However, the Madrid-based firm said its nine-month results are not comparable with 2007 due to the separation process from its French unit Gecina.
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