STOCKHOLM, Sweden, Oct. 30, 2003 (PRIMEZONE) -- Wihlborgs Fastigheter:
-- Rental income totalled SEK 1,526 million (1,751)
-- The profit after tax totalled SEK 409 million (505), equivalent to SEK
6.63 (8.01) per share
-- For the twelve-month period 2003, the profit after financial items will
exceed the profit for the previous year (SEK 1,010 million)
-- Wihlborgs owns 28,000 'A' shares and 10,633,200 'B' shares in Drott AB
(publ), equivalent to 12.0 percent of the capital and 11.7 percent of
the votes. The shares were acquired at an average price of SEK 96.50.
Wihlborgs' profit after financial items amounted to SEK 573 million (705). The profit includes gains from property sales amounting to SEK 300 million (390).
"Our property portfolio has decreased as a result of sales, which has affected our income from property management. At the same time we have large capital gains from property sales. During the first nine months of the year we sold 59 properties for SEK 2 billion, and after the end of the period we sold Klara Zenit for SEK 3.2 billion. The total profit from property sales so far is SEK 800 million, of which SEK 700 million is recorded during 2003," says Erik Paulsson, President and CEO of Wihlborgs Fastigheter AB.
Appendix: Interim report January-September 2003
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