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Deutsche Euroshop Says First-Half Profit Rises, Confirms Targets

Aug. 11 (Bloomberg) -- Deutsche Euroshop AG, 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.

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