The nine months pre-tax profit amounted to euro 7.077,8 on 30.09.07, versus euro 6.197,9 thousand in the same period of 2006 marking a 14,2% rise.
Total tax stood at euro 405.9 thousand against euro 257 thousand last year, increased by 58%, as a result of the taxation rate increase since the beginning of 2007. Thus, profit after tax grew by 12,3%, rising to euro 6,672 thousand from euro 5,941 thousand last year.
Basic earnings per share amounted to euro 0,12 in the first nine months against euro 0,11 in the same period last year.
Total assets of Piraeus Real Estate Investments S.A stood at euro 110,9 mn. at the end of September 2007 against euro 111.1 mn. on 31.12.2006.
The company's total investments, at the end of September 2007, rose to euro 100.9 mn. versus euro 99,9 mn. on 31.12.06. Total investments, concerning 27 real estates throughout the Greek territory, account for 91% of total assets.
The company's turnover (rental income) in the first 9 months of 2007 amounted to euro 6.010,4 thousand, against euro 5.749,7 thousand in the same period last year, increased by 4.53% mainly due to the increase in the rental income as a result of the investment portfolio progressive maturing.
The annualized rental return on investment portfolio value rose to 8% in the first nine months of 2007 against 7,7% in 2006.