|
|
Article: Czech/Belgian developer VGP beats 2007 expectations on rental income, revaluation gains - analyst.
- Article from:
- Czech Business News
- Article date:
- March 20, 2008
CopyrightCOPYRIGHT 2008 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Czech/Belgian developer VGP beats 2007 expectations on rental income, revaluation gains - analyst
PRAGUE. MARCH 20. INTERFAX CENTRAL EUROPE - Czech/Belgian industrial and logistics park developer VGP's 2007 results were a positive surprise, with net profit up 165% year-on-year (y/y) at EUR 36.4 mln on the back of higher rental income and revaluation gains, Patria Finance analyst Robert Keller said Thursday.
"VGP's net income came in at EUR 36.4 m for 2007, up 165.0% y/y, well above our forecasts at the time of the [November 2007 initial public offering (IPO)] of EUR 28.7 mln," Keller said in a comment on Patria's website. "This is partly due to ...