Nordic Business Report-May 31, 2006-Russian Real Estate Investment Company AB (Ruric) reports Q1 operating loss of SEK6.53m
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The Swedish real estate investor Russian Real Estate Investment Company AB (Ruric) issued its first quarter report on Wednesday (31 May), posting an operating loss of SEK6.53m, as compared to a loss of SEK1m in the first quarter of 2005.
Rent revenues amounted to SEK3.52m, as compared to SEK0.21m in the first quarter last year.
Ruric operates in St Petersburg in Russia.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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