Wednesday, 24 November 2010

London & Stamford Profit Rises on Higher Property Values, Asset Purchases - Bloomberg

London & Stamford Profit Rises on Higher Property Values, Asset Purchases - Bloomberg

London & Stamford Property Plc, co- owner of the U.K.’s third-largest mall, said first-half profit rose 2.5 percent on acquisitions and increasing real estate values.

Net income for the six months through September advanced to 16.3 million pounds ($25.8 million) from 15.9 million pounds a year earlier, the Guernsey-registered company said in a statement today.

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