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Marfin CLR: Losses due to CSE and ASE

10/02/2009 10:04
Marfin CLR is expected to suffer losses in 2008 against profits in 2007. According to an announcement released today, “this loss is entirely attributable to the revaluation of financial assets and stem from the drop in the share prices in 2008 in both the CSE and the ASE. It is noted that the CSE and ASE general indices fell 77.2% and 65.5% respectively, while their volumes dropped 61.7% in the CSE and 35.6% in the ASE”.

The results will be announced on February 20, 2009. Marfin CLR was introduced after the merger of Laiki Investment, CLR and Egnatia. Laiki Investment enjoyed profits of €7.9 million in 2007 and CLR of €2.1 million.