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28 May 2012

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Ablon posts pre-tax loss, omits 2008 dividend, but optimistic on outlook

London AIM-listed Ablon, a CEE commercial and residential property developer, reported first half pre-tax loss of e14.3m, attributed mainly to local currency revaluations, the absence of scheduled project completions and a one-off impairment charge. But gross asset value rose 6% to e654m in 1H08 and gross rental income rose 64% to e8.4m.

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