Club Mediterranee SA, Europe's largest resort operator, reported an annual loss after postponing property transactions because of a slowdown in the real-estate market.
The loss was 8 million euros ($11.8 million) in the year through October, compared with a 5 million-euro profit in the prior period after property sales, the Paris-based company said today. That missed the 3.3 million-euro median profit estimate of six analysts surveyed by Bloomberg.
