GTC Q2 loss widens threefold on writedowns
WARSAW Aug 20 (Reuters) - Warsaw-listed real estate developer GTC reported a second-quarter net loss three times larger than a year ago and more than five times what the market expected on writedowns related to its assets in Romania in Bulgaria.
The group said on Tuesday it had a net loss of 42 million euros ($56 million), hit by asset impairments worth 42.7 million in the period. Analysts polled by Reuters expected a loss of 8 million euros. ($1 = 0.7490 euros) (Reporting by Adrian Krajewski)