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28 May 2012

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Germany's Patrizia posts first quarter loss, forecasts 2008 pre-tax of e30m

The Augsburg-based residential investor and developer Patrizia Immobilien reported a pre-tax loss of e18.6m in the first quarter, though the same figure excluding interest payments (EBIT) was slightly in profit of e6.8m, albeit down 31.3% against first quarter 2007.

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