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Czech real estate developer Orco Property Group said on Thursday its first-half net profit had doubled, beating market forecasts.
Net profit of 55.1 million euros ($75 million) was more than double the forecast of 25.6 million from a Reuters poll of five analysts and the year-ago figure of 26.7 million.
The company said it had raised its full-year sales target to 250 million euros from a previous 233 million, after 124.8 million in the first half alone.
It added it estimated net asset value per share at 115.7 euros at end-June.
[PRAGUE/Reuters/Finance.cz]