KDD Group decreases net income by 47x y-o-y in 1H11

KDD Group’s (AIM: KDDG LN) net income declined by 47.4x y-o-y to EUR 84 mln in 1H11, while gross profit increased by 1.3% y-o-y to EUR 157 mln, the company reported yesterday in a press release. During the six months ending June 30, 2011, the fair value of the group’s property portfolio decreased by ~1% to EUR 325.9 mln as a result of currency volatility, the company reported.