Japan Residential Investment Company's profits rise on property values

Japan Residential Investment Company said annual profits nearly doubled in 2012 as the value of its portfolio of residential property rose.

Japan Residential Investment Company said annual profits nearly doubled in 2012 as the value of its portfolio of residential property rose.

Profits climbed to £14.7m in 2012 from £7.5m the previous year, driven by a 2.6% growth in its property values in Japan.

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