Kaufman & Broad returns to profit
The developer Kaufman & Broad returns to profit.Deficit in 2009, Kaufman saw his accounts in the green board in the first half of this year with a net profit of 2.3 million euros against a loss of 27.5 million in the first half of 2009.
For the full year 2010, Kaufman & Broad confirms in a statement that "a return to positive net income, which will however continue to carry the weight of years, with a view to improvement."
"The results of the second quarter of 2010 are part of the positive dynamic recorded in the first quarter, confirming the validity of the strategy of refocusing the business offer implemented in late 2008 on products more compact, less expensive and more suitable at the request of first time buyers and investors, "said CEO Guy Nafilyan, quoted in the press release.
Turnover down
In the first half of 2010, home sales rose 55% in value to $ 675 million euros free credit report and score. "We restart faster than the overall market," says Guy Nafilyan. In contrast, the turnover stood at the promoter of 385.7 million euros, down 7.6% over the first half of 2009.
Kaufman & Broad has announced it has signed a memorandum of agreement for the sale of all its shares and interests in Senior Health (homes of elderly dependents) for a total price of 30.7 million euros.
Completion of the transaction is subject to a number of conditions to be met by September 30, 2010 at the latest, the statement said, explaining that the buyer's name can not be revealed.
Since the beginning of the year, as Kaufman & Broad has won less than 5%. On Thursday, the title rose 5.15% at 17.75 euros.