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Ortega’s Property Company Says Net Income Almost Doubled in 2014

A property company owned by Amancio Ortega, the world’s second-wealthiest man, said profit almost doubled last year as Spain’s economic recovery gathered momentum.

Pontegadea Inmobiliaria SL reported net income of 182 million euros ($202 million), up from 93.4 million euros a year earlier, according to accounts filed to Spain’s mercantile registry.