Metrovacesa ups financial forecast despite turf war

Metrovacesa has revised its full-year 2006 net profit forecast upwards to EUR 1.1 bn despite the ongoing boardroom battle for control of the Spain's largest property group. Metrovacesa had early revised its forecast from EUR 690 mln to EUR 880 mln. The latest forecast came as it reported a 176.4% increase in net profit for the nine months to September.

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