Allreal net profit rises 21%

By A staff reporter 2012-02-27T00:00:00

Swiss property fund and developer Allreal booked net profit including revaluation gains of CHF 140.8 mln (EUR 116 mln) in 2011, a 21% increase on 2010. Earnings from business activities and the generally higher valuation of its real estate portfolio contributed towards the growth, the company said in a statement.

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