Reported to OMX, The Nordic Exchange, via Company News Service on 31 August 2009. The Supervisory Board of Kefren Properties IX AB has today held a Supervisory Board meeting at which the Group's interim results were considered. Summary: Interim results in Kefren Properties IX AB The Group earned a profit before tax of tSEK 43,411 compared with tSEK 93,761 in the comparative period; 1 October 2007 - 30 June 2008 (9 months). The difference is primarily due to the net of a decrease of financial expenses, due to the lower interest level, and a write down of goodwill. Revenue for the period amounts to tSEK 330,605, compared with tSEK 493,720 in the comparative period. The change in revenue is mainly due to the fact that the comparative period covers 9 months, whereas the current period covers only 6 months. Operating profit before value adjustment of investment properties and debt, write down of goodwill and tax amounts to tSEK 169,182 compared with tSEK 281,316 in the comparative period for 9 months. The Supervisory Board considers the results for the period to be satisfactory. The value of the investment properties as at 30 June 2009 amounts to mSEK 5,519.3. Investment properties have been internally revalued at 30 June 2009 and due to the general market decrease in the fair market value of the investment, the company has written down the investment properties with 5%. Since there is very little liquidity in the real estate market in Sweden there is an uncertainty associated with this decision. The Company has decided not to give an estimate of the result for the year, since this will be highly dependent upon market values of the investment properties and bond debt and the uncertainty connected hereto. Please address questions relating to this Announcement to Chairman Ole Vagner on tel. +45 40 25 41 13.
Condensed Consolidated Interim Report, 1 January 2009 to 30 June 2009
| Source: Kefren Properties IX AB