Property company posts €16.8m loss

A BERNARD McNamara property development company recorded a loss of €425,058 last year.

Accounts just filed by Radoo Lands Ltd, show that the company’s loss last year resulted in the firm’s accumulated losses totalling €16.8 million at the end of December last.

Figures show €15.5m of the loss relates to a writedown in current and financial assets in 2009.

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