Orco net loss significantly down

Real estate developer Orco Property Group generated a consolidated net loss of €23.62 million in 2014, compared with a net loss of €227 million a year earlier, the company announced in a press release. The company's operating profit amounted to €25.96 million in 2014, versus a loss of €194.04 million in 2013. Consolidated revenues stood at €75.18 million, compared with €66.88 million in the previous year. Orco Property Group is a French real estate developer and investor, which operates, through its subsidiaries, mainly in Central and Eastern European. It has been listed on the WSE since 2000.