The Netherlands-based company posted a pretax loss of 2.2 million euros ($3.21 million) for the six months to June 30, 2008, compared with a profit of 6.3 million euros a year earlier as revenue fell 35 percent and it booked writedowns of 1.6 million euros from Direct Hypotheken.

It said it is in talks regarding new contracts in its new property sales division and that it expects the sale process of the latest phase of its Funenpark project in Amsterdam will boost second-half results.

Direct Wonen shares dropped 23 percent to 25.5 pence at 0917 GMT.

(Reporting by Kumar Alagappan in Bangalore; Editing by Victoria Bryan) ($1=.6845 EURO) Keywords: DIRECTWONEN/RESULTS tf.TFN-Europe_newsdesk@thomson.com ra

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