Czech Orco's loss deepens to 227 mln euros in 2013

PRAGUE, March 28 Fri Mar 28, 2014 3:00am EDT

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PRAGUE, March 28 (Reuters) - Czech Orco Property Group's net loss deepened to 227 million euros in 2013 and revenues dropped sharply, the property developer said.

Losses widened from 41.9 million euros ($57.57 million) in 2012.

Revenues dropped to 145.9 million euros from restated 244.7 million euros in 2012 due to major asset sale recorded in that year and not matched in 2013.

($1 = 0.7278 Euros) (Reporting by Robert Muller. Editing by Jane Merriman)

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