Pre-tax profits at Green Property have risen marginally from £2,900,000 to £2,943,000 in the six months ended June 30th.

Virtually all the profits came from rental income. Dealing profits fell from £652,000 to £44,000. The company noted that if the profit on properties held for resale was excluded, then the underlying profits increased by 29 per cent.

Green said the development of its Blanchardstown Shopping Centre was progressing well with trading expected to start in October.