Bloomberg News

Merko Ehitus Fourth-Quarter Loss Widens on Asset Writedown

February 22, 2012

Feb. 22 (Bloomberg) -- Merko Ehitus AS, the biggest listed Baltic builder, said its loss in the fourth quarter widened to 6 million euros ($7.9 million) from 4 million euros a year earlier, citing a writedown of its property assets in the three Baltic countries by 6 million euros, according to a regulatory statement today.

--Editor: James M. Gomez

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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