Centro Retail Turns Profitable

Submitted by Share Trading on 24 February, 2010 - 14:56

Centro Retail Group (CER) have seen a loss of $2.06 billion in the same corresponding period last year turn into a profit of $196.68 million this corresponding period of six profits ending December 2009. CEO of Centro Retail Trust, Glenn Rufrano noted that the net profit was boosted by advantageous foreign exchange movements and slower property valuation declines.