Aedes H1 operating profits up 22.5% to EUR 45m, net profit falls to EUR 16m

Italian real estate company Aedes said its operating profits rose 22.5% to EUR 45.1 mln in the first six months of 2007 as net revenues rose 28% to just under EUR 100 mln. The company said that both figures were in line with its business plan targets, although net profit slipped to EUR 16 mln from EUR 27 mln, influenced negatively by taxation and non-deductible accruals of EUR 8.3 mln related to the years 2004 and 2005.

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