NEPI doubles profit in H1
September 2011 - From the Print Edition
South Africa-based investment fund New Europe Property Investments (NEPI) registered a profit of EUR 1.7 million in H1 of 2011, 2.4 times more than in H1, 2010. The company earned revenues from rents worth EUR 16.1 million – up by 60 percent – in H1 of 2011 compared with the same period of 2010. Its exploitation expenses also rose by 80 percent, to EUR 4.1 million this year. At the same time, NEPI suffered losses of EUR 3.9 million in H1, 2011, down from EUR 4 million in H1, 2010.
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