– Rental revenues amounted to SEKm 212 (133)
– Net profit for the period increased to SEKm 81 (42)
– Earnings per share amounted to SEK 0.96 (0.96)
– Nine properties have been sold for SEKm 193 (159) with a gain of SEKm 26 (17)
Net profit for the period amounted to SEKm 81 (42). Gains from sales of properties account for SEKm 26 (17) of the profit. The operating surplus was SEKm 128 (77) and net financial items were SEKm -60 (-44).
Cash flow and financial position
The cash flow amounted to SEKm 7 (40). The equity ratio at the end of the period was 34.1 per cent, in comparison with 27.0 per cent at the beginning of the year, equivalent to 34.1 percent (28.5) after dilution. Shareholders’ equity was SEKm 1,247 in comparison with SEKm 908 in the beginning of the year. Liquid funds were SEKm 217 (211) and interest-bearing liabilities were SEKm 2,235 (2,316).
Revenue and property costs
Rental revenues amounted to SEKm 212 (133) for the period, property costs amounted to SEKm 84 (56) and operating surplus to SEKm 128 (77).
Nine properties were sold for a total of SEKm 193 (159) during the period, with a total gain of SEKm 26 (17).
Second quarter of 2004
Net profit for the period amounted to SEKm 54 (29). Gains on sales of properties account for SEKm 22 (13) of the profit. The operating surplus was SEKm 68 (41) and net financial items were SEKm -29 (-22).
Interim Report January – September 2004 Wednesday November 3
Reports are available at Klövern’s website, kelly.corem.se, where visitors may also subscribe to interim reports and press releases.
This interim report has not been subject to examination by the Company’s auditors.
Nyköping, August 20, 2004,
Klövern AB (publ)
Gustaf Hermelin, President & CEO
The full report including tables can be downloaded from the following link: