XXI Century reports consolidated 1H08 IFRS financials

On Friday, XXI Century (XXIC LN: BUY) announced its consolidated 1H08 IFRS financial results: revenue increased by 136% yoy to USD 14.4 mln; EBITDA changed from USD 1,024 mln (in 1H07) to USD (67.5) mln (in 1H08). The company posted a net loss of USD 76.8 mln in 1H08, vs. a net profit of USD 1.0 bln in the same period of 2007. The fair value of XXI Century’s investment property, as appraised by Jones Lang LaSalle, increased by approximately 6.3% to USD 2.18 bln for the period (December 2007: USD 2.05 bln).