Pasal Real Estate Development SA reported consolidated earnings results for the first half of 2013. Before the results from valuation of investment properties referred to profits of €551,000 against losses of €806,000 for the first half of 2012. The results after tax and minority inters referred to losses of €4,149,000 against losses of €9,745,000 for the corresponding period last year.

The consolidated operating income (from rents, services and sales of merchandize) reached €2,620,000 against €3,539,000 for the first half of 2012. Net asset value before deferred taxes (NAV) at June 30, 2013 amounted to €2.74 per share, while the net asset value after deferred taxes at June 30, 2013 amounted to €1.46 per share. Net bank debt of the group (loans less cash & equivalents) at June 30, 2013 amounted to €141,480,000 compared to €139,437,000 at December 31, 2012.