Saturday, February 23, 2008

Invista Real Estate FY pretax profit doubles

Invista Real Estate Investment Management Holdings PLC saw its full-year pretax profits double and said it looks forward to 2008 with 'cautious confidence'.

Profit increased, boosted by higher performance fees, additional transaction and termination fees, higher average assets under management during the year and the impact of interest on cash balances, together with good cost control, the real estate fund manager said.

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