Blackrock International Land, the stock market listed property firm spun off by Fyffes last year, has reported profits of €13.9m, and it has property assets up 87% to €369m.
The company has been listed on the stock exchange since May, and its results reflect the period from May to December 2006.
Carl McCann, Blackrock International Land's chairman, said the group's gross assets have doubled since it started operations, including the transactions announced but not yet completed.
Gross property assets grew by 87% to €369m as a result of investments and increases in value. Transactions announced since period end take this to €397m, he said.
The company said that rental income for the period was €3.8m, and net assets were €220.9m - up 6.8% and equivalent to €37.88 cent per share.
Blackrock said it is planning to invest €200m over the next one to two years.
