· Net turnover for the interim period amounted to SEK 27.1 m (35.5). For the third quarter the turnover amounted to SEK 10.5 (12.0) m. · The result after tax amounted to SEK 55.1 m (-491.2). The main reasons to the improved result are explained by value changes in the property portfolio in the comparative period and by composition gain. For the third quarter the result after tax amounted to SEK -21.2 m (-27.5). · Earnings per share amounted to SEK 1.15 (-43.23) for the interim period and to -0.20 (-2.42) for the third quarter. · Book value of the properties amounts to SEK 585.2 m (607.8). The decrease is explained by a mix of a small increase in value and by a larger negative exchange rate effects. The low liquidity in the market for real estate transactions still makes assessment difficult. Events after the end of the period: · An application for refund of Russian construction VAT in the amount approximately 30 MSEK was filed. If successful the funds are expected to be paid out in January. · Settlement and payment for the shares in Zao Grifon was made. For additional information Craig Anderson, CEO Phone +7 812 703 35 50 (St. Petersburg) phone +46 8 509 00 100 (Stockholm) email craig@ruric.com web www.ruric.com ABOUT RURIC Ruric's business strategy is to manage real estate in the centre of St Petersburg. In addition Ruric shall also acquire real estate and implement value creating additional investments at attractive conditions. Through professional management and good tenant relations spaces of high class are offered to tenants looking for possible spaces in central locations willing to pay for it. Ruric offers primarily office- and retail premises. Ruric's Certified Advisor at First North is Erik Penser Bankaktiebolag. [HUG#1465332]
Ruric Interim report January - September 2010
| Source: Russian Real Estate Inv. Company AB
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