Orco sees losses widen in Q3

Orco Property Group has cut its full-year revenue outlook as the global financial crisis continues to hit Central Europe's housing markets. The Luxembourg-registered developer saw revenue rise 5.7% to EUR 225.6 miln in the first nine months this year from the year-earlier period but booked a net loss of EUR 29.8 mln compared to a profit of EUR 68.4 mln a year ago. At end-June, the company booked a net loss of EUR 14.1 mln

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