Mirland Swings to H1 Profit

By The Moscow Times

Aug. 18, 2010

Property developer Mirland Development said Wednesday that it swung to profit in the first half as the value of its holdings increased.

Mirland had net income of $8.15 million, compared with a loss of $18.1 million a year earlier, the company said.

Sales rose to $9.56 million from $8.51 million a year earlier. Total assets rose to $624 million during the first half, the company said.

(Bloomberg)

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