Hypo RE reports 25% increase in pre-tax profits

The German commercial property lender Hypo Real Estate Group has reported a 25% increase in pre-tax profits. In figures released Wednesday, pre-tax profits for the first three quarters of 2006 were EUR 410 mln, an increase of around 25% over the same period in 2005, where pre-tax profits totalled EUR 327 mln.

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