STOCKHOLM, Sweden, May 06, 2004 (PRIMEZONE) -- Hufvudstaden Interim Report January - March 2004
Increased profit for Hufvudstaden
- Profit for the period after tax amounted to SEK 97.6 million (67.9). The increase can be attributed mainly to higher rental income and lower costs for special projects.
- Excluding special projects, gross profit from property management increased by 8.4 per cent to SEK 199.5 million (184.1).
- Net sales for the Group for the period amounted to SEK 346.1 million (335.0).
- The rental vacancy level at the period-end was 8.8 per cent (8.1 at the year-end).
- Profit per share was SEK 0.47 (0.32).
- After the end of the period, the Schonborg 6 property in Stockholm was sold. The disposal will have a positive impact of approximately SEK 100 million on the consolidated post-tax profit for the second quarter.
Stockholm, May 6, 2004
HUFVUDSTADEN AB (publ)
Ivo Stopner President
Appendix: Interim Report January - March 2004
For further information, please contact Ivo Stopner, CEO, or Magnus Jacobson, CFO, telephone +46 8-762 90 00.
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