Sonae Sierra adopted the International Accounting Standards (IAS) in its Consolidated Accounts in 2001, becoming the first real estate company in Iberia to adopt IAS.
In 2007 the Company´s consolidated net profit rose to € 300.1 million Euros. The Net Asset Value (NAV) of the company’s properties increased to € 1.713 million Euro, 15% more than in 2006.
Sonae Sierra´s EBITDA grew to € 156.2 million in 2007, an increase of 5%, compared to € 150.3 million in 2006.
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