Spanish real estate company Immobiliaria Colonial reported net profit rose 7.2% to EUR 356.8 mln in the first nine months of 2007 compared with the year-earlier period on revenues of EUR 629.4 mln. Operating profit before interest amounted to EUR 662.6 mln, an increase of 4.5%, while net asset value was EUR 2.97. The company attributed the strong results to favourable rental business development and investment property revaluations.
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