Klepierre Profit Falls on Smaller One-Time Gains

Klepierre SA, Europe’s second-largest shopping center owner, said earnings declined 7.8 percent in the first half on smaller tax credits and less profit from asset sales.

Net income fell to 63.5 million euros ($83 million), or 30 cents a share, from 68.9 million euros, or 40 cents, a year earlier, the Paris-based company said on its Web site after the market closed. Net asset value rose 1.2 percent from six months earlier to 27.8 euros a share.