LONDON (Thomson Financial) - AFI Development Plc. reported a 60 percent jump in first-quarter pretax profit with higher revenue.
The real estate company posted a pretax profit of $69.7 million for the three months to end-March compared with $43.6 million in the year-ago period. Revenues rose to $5.2 million from $ 0.7 million previously.
The company said first-quarter results are in line with its stated objectives. TFN.newsdesk@thomson.com kkb/sal COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The real estate company posted a pretax profit of $69.7 million for the three months to end-March compared with $43.6 million in the year-ago period. Revenues rose to $5.2 million from $ 0.7 million previously.
The company said first-quarter results are in line with its stated objectives. TFN.newsdesk@thomson.com kkb/sal COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News