(AFX UK Focus) 2008-11-25 10:57 UPDATE 1-Russia LSR 9-mth profit falls on portfolio revaluation (Interactive Investor)

MOSCOW, Nov 25 (Reuters) - Shares in Russian construction and real estate company LSR Group fell as much as 65 percent after the company said its nine-month earnings collapsed due to a portfolio revaluation. Net profit fell 82 percent to $44 million, from $249 million in the first nine months of 2007, the company said in a statement. Normalised net profit, which excludes the effect of the ...
Source: www.iii.co.uk

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