Italian real estate company Aedes said its operating profits rose 22.5% to EUR 45.1 mln in the first six months of 2007 as net revenues rose 28% to just under EUR 100 mln. The company said that both figures were in line with its business plan targets, although net profit slipped to EUR 16 mln from EUR 27 mln, influenced negatively by taxation and non-deductible accruals of EUR 8.3 mln related to the years 2004 and 2005.
Italian real estate company Aedes said its operating profits rose 22.5% to EUR 45.1 mln in the first six months of 2007 as net revenues rose 28% to just under EUR 100 mln. The company said that both figures were in line with its business plan targets, although net profit slipped to EUR 16 mln from EUR 27 mln, influenced negatively by taxation and non-deductible accruals of EUR 8.3 mln related to the years 2004 and 2005.
Aedes also pointed to strong growth of service revenues, which jumped 65% to EUR 14 mln. The company posted an income from equity participations of EUR 32 mln, compared to a loss of EUR 2.4 mln in the like, year-earlier period.
