Rodamco Europe saw its direct result after tax (rental income minus costs) rise by 2.6% to EUR 96.1 mln in the first quarter of 2007. Net profit per share surged 58% thanks to a 92% increase in the indirect result, reflecting a higher valuation of the portfolio. For full-year 2007, Rodamco Europe expects to see its direct result rise by 3%, the company said during the presentation of its first-quarter results on Tuesday. This forecast does not take into account the impact of the planned merger with Unibail, the associated expenses of which are estimated at EUR 25 mln. These will be charged in the second quarter of 2007, the company said.
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