O Twelve Estates narrows interim losses

East London property investor O Twelve Estates narrowed half year losses and said it is confident of withstanding the continuing uncertain economic environment despite its ongoing debt challenges.

East London property investor O Twelve Estates narrowed half year losses and said it is confident of withstanding the continuing uncertain economic environment despite its ongoing debt challenges.

The heavily indebted firm said loss before taxation reduced to £3.7m for the six months ended 30 September 2011 compared to a loss of £5.8m before.

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