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28 May 2012

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Sonae Sierra returns to profit in 2010

Portugal-based pan-European shopping centre developer Sonae Sierra returned to profit in 2010, posting net profit of E8.7m after a loss of E111m in 2009. The firm's net asset value grew, for the first time since 2008, by 1.8% to E1.25bn. The group attributed the improvement to its international expansion and increased operational efficiency.

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