Deutsche EuroShop doubles profit in 2006

Deutsche EuroShop has announced record earnings for 2006, with consolidated profit increasing 106% to EUR 100.3 mln from EUR 48.7 mln in 2005. Germany's only public company that invests solely in shopping centers in prime locations forecast that its revenues in financial year 2007 will remain on a level with last year - between EUR 92 mln and EUR 94 mln as it expects Galeria Baltycka, which will open in fall 2007, will be able to partially offset the revenue losses caused by the sale of the two shopping centers last year.

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