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Dolphin makes a big splash

Sun-seeking property developer almost doubles NAV
March 18, 2008

Dolphin Capital Investors, the southeast European residential resort developer, has reported a 96 per cent rise in net asset value in its 2007 results, producing a valuation gain of €446m (£349m). The biggest real estate investor on the Aim market specialises in golf resorts in Greece and Cyprus, and acquired Aristo, the largest holiday home developer in Cyprus, last April.

IC TIP: Hold at 138p