Guardian Holdings is reporting net profits of $1 billion for the six-month period ending June 30.
That's $643 million more than the $401 million recorded during the similar period last year, a 160 per cent increase.
The company says the jump in profits was mainly due to the sale of all its shares in Thoma Exploitatie B.V. in January.
Meanwhile, profit from continuing operations stood at $395 million after subtracting $649 million related to discontinued operations and taxes.
The figure is $2 million or 1 per cent higher than the corresponding period last year.
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