Raven Russia cashing in on lack of warehousing

Raven Russia, the Russia-focused property company, is benefiting from an improving economy, particularly around Moscow and Rostov, and an under-supply of the kind of warehousing facilities which are its speciality.

Raven Russia, the Russia-focused property company, is benefiting from an improving economy, particularly around Moscow and Rostov, and an under-supply of the kind of warehousing facilities which are its speciality.

In the six months to June 30th pre-tax profits came in at $29.6m, down on the prior year's number of $86.4m but this may give a misleading impression because underlying earnings before tax for the period were $14.3m against a loss of $5.9m in 2011.

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