Strong Growth in Profit for Hufvudstaden


STOCKHOLM, Sweden, Feb. 13, 2003 (PRIMEZONE) -- Hufvudstaden:

Profit after net financial income and expense amounted to SEK 453.2 million (380.5). Adjusted for items affecting comparability, profit amounted to SEK 429.4 million (361.6).

Net rents from property management compared with the preceding year increased by 9.0 per cent and the gross profit by 13.7 per cent.

Rental income will increase by 32 per cent on renegotiated leases.

The board proposes an increased dividend to SEK 1.10 (1.00) per share.

The board proposes authorization to acquire the company's own shares.

Questions will be answered by Ivo Stopner and Magnus Jacobson, telephone +46 8-762 90 00.

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