STOCKHOLM, Sweden, Feb. 4, 2003 (PRIMEZONE) -- Wihlborgs (Stockholm:WIHL)
- The profit after financial items increased by 43% to SEK 1,010 million (704)
- Equity/assets ratio improved to 27.3% (23.3)
- Proposed dividend of SEK 4.50 (4.00) + distribution of the shares in Klovern
Wihlborgs' profit after financial items increased by 43% to SEK 1,010 million (704). EPS after tax increased to SEK 15.55 (8.46). The profit includes gains from property sales amounting to SEK 606 million (386).
"A profit of over SEK 1 billion means that during 2002 we had our hitherto best result," commented Erik Paulsson, president and CEO of Wihlborgs Fastigheter AB.
"Despite a weaker market we have succeeded in maintaining a high business tempo, resulting in many deals and an unchanged degree of vacancy for our property stock during 2002," Erik Paulsson continued.
"With improved equity/assets ratio, an even more efficient organisation and a continued high level of activity, I assess that 2003 will also be a good year with a good result for Wihlborgs."
For further information: Erik Paulsson, president and CEO tel +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, executive vice president tel +46 (0)8-555 148 10, +46(0)733-87 18 10 Mats Berg, communications director tel +46 (0)8-555 148 20, +46 (0)733-87 18 20
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