Hungarian property company Ablon yesterday reported pre-tax profit of EUR 51 mln for the 2006 full year. Ablon listed on London's AIM market in February of this year, raising EUR 143 mln. The company said gross rental income for the year was EUR 9.2 mln, with gross residential income at EUR 3.7 mln. Shareholders equity rose by 38% to stand at EUR 92.1 mln at year-end 2006, Ablon said. The company plans to use the proceeds from the listing to expand its position in Central and Eastern Europe.
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