Deutsche Euroshop Says First-Half Profit Rises, Confirms Targets

Deutsche Euroshop AG (DEQ), Germany’s largest shopping-center owner, net income rose 24 percent to 32.3 million euros in the first half, the company said in a statement today. Funds from operations rose to 77 euro cents from 68 euro cents in the period. The shopping-center owner confirmed its forecast for the current year and said it remains confident that it will be able to distribute a “stable” dividend of 1.10 euros per share for 2011.

To contact the reporter on this story: Mariajose Vera in Munich at mvera1@bloomberg.net.

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net.

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.