Yatra Capital posts maiden loss per share of 0.15 eur

Yatra Capital Ltd posted a maiden loss per share of 0.15 eur for the period from May 26, 2006 to March 31, 2007 on expenses of 1.5 mln eur.

The real estate investment firm, which completed a 100 mln eur placing in December, said no dividends will be paid for the period due to its short tenure on Euronext, and as no investments were made by period-end.

Yatra said it has since committed 72.57 mln eur or 72.57 pct of the funds raised from the IPO, after evaluating over 143.29 mln eur of potential investments.

The company is also in talks to invest 16.5 mln eur and said it expects to be fully invested in a 'relatively short' time.

Chairman Sir Nigel Broomfield said, 'Real estate investment into India continues to provide opportunities for capital appreciation, and we are confident that the investments made to date, and those made from our strong pipeline of investments, will produce the target returns as stated at the time of flotation.'

Yatra Capital is a Jersey-based company which has been set up to invest in Indian real estate. tfn.newsdesk@thomson.com ndi/ran/cm2

Source://hemscott.com