Sonae Sierra's net profit rose 23% in 2006 to EUR 270.6 mln, while EBITDA increased by 20% from EUR 125.7 mln to EUR 150.3 mln, the company said in its full-year 2006 report. The Portuguese commercial property group indicated it will remain focusing on the international expansion of its business over the coming year while consolidating its leadership in Portugal. With a total of 13 development projects in the pipeline spread across Europe, its development unit is expected to open six new shopping and leisure centres in 2007, while construction is starting for three projects and other four are expected to get approval this year.
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