Egypt's SODIC posts 2013 net loss of $64 million

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(Adds detail, background) CAIRO, April 22 (Reuters) - Egyptian property developer SODIC swung to a net loss of 447.1 million Egyptian pounds ($64 million) last year, due to one-off items including a write-down on its investments in Syria, managing director Ahmed Badrawi told Reuters on Tuesday. The company had made a net profit of 257 million pounds a year earlier. The one-off items included a **n-cash charge of 478 million pounds related to the firm's investments in war-torn Syria. "Our board decided it would be prudent for us to take an impairment for our investments in Syria ... On our books, it was reduced to zero.

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