Century Investments Public Ltd. reported a higher full year pretax profit and revenue, and said it is contemplating the sale of some of its operating properties to take advantage of the demand for quality income generating properties from foreign investors.
The Ukraine-based real estate company said it is also exploring forward sales of projects and debt financing to finance construction. It is also in talks with financial investors and strategic operators to form partnerships in some of its businesses.
The company reported a pretax profit of $1.4 billion for the year to Dec 31, 2007, against $167.3 million the previous year. Revenues rose to $20.2 million from $12.6 million.
The company said it is confident it is well positioned to take advantage of the opportunities available in its market.
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