PropertyEU

Parquesol sees net profit drop in 2007 while rental income rises 11%

By A staff reporter 2008-02-29T00:00:00

Spanish property group Parquesol said its net profit last year fell 26.5% to EUR 41.1 mln, as the company was hit by a sharp slowdown in demand in the country’s real estate sector and delays in the expected delivery of some of its residential developments.

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