April 17, 2018 / 6:09 AM / in 6 months

BRIEF-AFI Development 2017 Net Loss Narrows To $4.7 Million

April 17 (Reuters) - AFI DEVELOPMENT PLC:

* 2017 REVENUE FOR YEAR, INCLUDING PROCEEDS FROM SALE OF TRADING PROPERTIES, REACHED US $179.1 MILLION (30% UP YEAR-ON-YEAR)

* 2017 NET LOSS OF US $4.7 MILLION IN 2017, AN IMPROVEMENT ON LOSS OF US $47.9 MILLION RECORDED IN 2016

* WE REMAIN CAUTIOUS ON MACROECONOMIC RECOVERY IN RUSSIA AND ARE CONSERVATIVELY OPTIMISTIC ON MOSCOW REAL ESTATE MARKET GOING FORWARD INTO 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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