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Kardan NV (KARD.AS)

KARD.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kardan's subsidiary Water Planning For Israel Ltd. negotiates sale of 49% of its 40.5% stake in Star Pumped Storage Ltd.
Monday, 9 Jan 2017 06:45am EST 

Kardan NV : Announces that its subsidiary Water Planning For Israel Ltd. ('WPI') is negotiating sale of 49 pct of its 40.5 pct stake in Star Pumped Storage Ltd. . Star Pumped Storage Ltd. holds a conditional licence to build and operate a 344 MW power plant in Kochav Hayarden, Israel based on pumped storage technology . WPI currently in negotiations with Noy Fund about sale of 49 pct of its stake in consideration for about 45-60 million Israeli shekels (11-15 million euros ($27.4 million)) .There is no certainty that a binding agreement will be signed.  Full Article

Kardan's Q3 revenue falls to 30.2 million euros
Thursday, 24 Nov 2016 02:21am EST 

Kardan NV : Q3 total revenues 30.2 million euros ($31.84 million) versus 42.8 million euros year ago . Q3 net loss 3.3 million euros versus profit 4.3 million euros year ago . Q3 loss from operations (before finance expenses) 4.3 million euros versus loss 3.9 million euros year ago .Q3 net loss for equity holders 3.3 million euros versus profit 4.3 million euros year ago.  Full Article

Kardan Q2 net loss widens to 7.8 million euros
Thursday, 25 Aug 2016 02:34am EDT 

Kardan NV : Q2 EUR 7.8 million ($8.79 million) net loss compared to EUR 1.5 million net loss in Q2 2015 .H1 total revenues EUR 66.0 million compared to EUR 90.2 million.  Full Article

BRIEF-Kardan Q1 net profit swings to profit of 1.9 million euro
Thursday, 26 May 2016 02:39am EDT 

Kardan Nv : Q1 net profit of 1.9 million euro compared to a loss of 7.6 million euro ($8.5 million) in Q1 last year . Q1 revenue of 31.6 million euro versus 39.0 million euro a year ago .Q1 loss from operations (before finance expenses) of 2.3 million euro versus loss of 1.8 million euro a year ago.  Full Article

Kardan signs deal for pumped storage project in Israel
Thursday, 7 Apr 2016 08:00pm EDT 

Kardan NV:Agreement signed with contractor for pumped storage project in Israel.Agreement encompasses a full EPC (engineering, construction and procurement) turn-key assignment for project, representing a total amount of NIS 1.7 billion.  Full Article

Kardan announces resignation of Shouky Oren as CEO and appointment of Ariel Hasson as new CEO
Wednesday, 16 Mar 2016 03:30am EDT 

Kardan NV:Resignation of Shouky Oren as CEO and appointment of Ariel Hasson as new CEO of KARDAN NV.  Full Article

Kardan subsidiary KFS sells TBIF
Monday, 14 Mar 2016 08:00pm EDT 

Kardan NV:Announces that Kardan Financial Services B.V. (KFS), the company’s wholly owned subsidiary, has signed an agreement to sell its 100% holding in the subsidiary TBIF.Total consideration for the transaction comprises two parts.On the completion date the buyer will pay KFS an amount of approximately 69 million euros * According to the agreement, TBIF will transfer certain non-lending assets with a value of approximately 23 million euros to KFS before the completion date.Completion date will initially not be later than June 15, 2016, but that this date can be extended upon mutual agreement between parties.Subsequently consideration will be adjusted to take into account the audited result of the sold asset in the period January 1, 2016 until the completion date.Estimates that on the completion date a gain of approximately 14 million euros will be recognized.  Full Article

Kardan subsidiary signs amended agreement with FIMI
Friday, 11 Sep 2015 02:26am EDT 

Kardan NV:Announces that its subsidiary Tahal Group International B.V. (TGI) signed an amended agreement with FIMI to replace existing agreements which were signed in 2010.Says the amended agreement replaces the loan agreement and the option agreement, as well as the Kardan and FIMI shareholders' agreement signed in 2010.  Full Article

Kardan Land China to sell Europark Dalian service apartment building
Wednesday, 19 Aug 2015 02:26am EDT 

Kardan NV:Kardan Land China signs agreement to sell Europark Dalian service apartment building.Kardan Land Dalian Ltd, a wholly owned subsidiary of Kardan Land China Ltd , signed a binding agreement with Fraser Suite Dalian Company Ltd to sell Building B of the Europark Dalian project for a total consideration of approximately RMB 481 million (approximately EUR 68 million).  Full Article

Kardan says S&P raises rating to ilB; outlook negative
Sunday, 12 Jul 2015 08:00pm EDT 

Kardan NV:Maalot, the Israeli subsidiary of Standard & Poor's, has reported today that it has adjusted the rating of Kardan upwards to ilB with outlook negative, and to ilB for its Debentures Series A and Series B.  Full Article

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BRIEF-Kardan's Q3 revenue falls to 30.2 million euros

* Q3 total revenues 30.2 million euros ($31.84 million) versus 42.8 million euros year ago