STOCKHOLM, Sweden, Oct. 22, 2003 (PRIMEZONE) -- JM (Other OTC:JMAOF):
- Net sales totalled SEK 5,563m (6,571) and profit for the period amounted to SEK 209m (460)
- Profit after financial items amounted to SEK 300m (646).
- Property sales of SEK 2,116m (1,692) generated capital gains of SEK 400m (270), of which SEK 97m (270) is included in profit from project development.
- A deal where office properties were exchanged for residential properties in Stockholm was completed through acquisition of a residential portfolio in Vaxholm comprising approximately 1,100 units.
- The number of residential units sold during the period rose to 2,007 (1,825).
- Profit from project development amounted to SEK 166m (724). The project development margin for the past 12 months amounted to -1.3% (12.4).
- Over the past 12 months, return on equity amounted to 0% (18) and earnings per share amounted to SEK 0 (22).
Additional information For additional information, please contact: Johan Skoglund, President and CEO +46 8 782 89 39 Claes Magnus Akesson, CFO +46 8 782 89 71
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http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00620/wkr0001.doc
http://www.waymaker.net/bitonline/2003/10/22/20031022BIT00620/wkr0002.pdf