Green Property’s annual pre-tax profits almost double to €1.4m

GREEN Property, the company that owns the Blanchardstown Shopping Centre in Dublin, saw pre-tax profits almost double to €1.4 million last year.

The company valued its property downwards by €4.3m in June 2009. It said €3.2m of this was accounted for through the revaluation reserve with the remainder of €1.1m recorded as a loss in the current year profit and loss account.

Total gains and losses were almost €11m compared with €31m in the previous year, according to accounts just filed for the year to the end of June 2009.