German property group LEG hikes 2016 earnings target

November 12, 2015 6:10 AM

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FRANKFURTGermany's fifth biggest property group LEG Immobilien hiked its 2016 earnings target, citing faster than expected cost cuts, as it reported a 27.8 percent increase in operating profit (FFO I) for the first nine months of the year.

LEG said on Thursday that funds from operations stood at 158.5 million euros in the January to September period.

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