Cofinimmo's nine-month results show leap in profits

Belgian real estate group Cofinimmo posted its nine-month results late on Friday, showing an increase in net profits driven by substantial assets disposal and slightly higher rental incomes. Net profits jumped to EUR 126 mln compared with EUR 86.6 mln in the same period last year. The company's property portfolio grew to EUR 2,4 bn in fair value while earnings per share increased to EUR 12.77 from EUR 8.91 in 2006. The company also raised its full-year dividend forecast.

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