Reported to the OMX The Nordic Exchange via Company News Service on 31 March
2008
Summary:
Satisfactory profit for the Company,
Landic Property Bonds VII (Stockholm) A/S (former Keops Ejendomsobligationer
VII (Stockholm) A/S)
The profit for the financial period 1 October 2006 to 31 December 2007 amounts
to DKK 36.9 million before tax. Profit before tax and before value adjustments
amounts to DKK 14.3 million which is slightly lower than expected.
Value adjustments of investment properties and debt, net contribute by DKK 22.6
million to profit before tax for the period.
Equity amounts to DKK 81.1 million at 31 December 2007 compared to DKK 55.9
million in the previous period. The development in equity exceeds the budget
expectations.
The operations in the Group which comprise of 11 properties located in
Stockholm, Haninge, Huddinge, Rådsved, Sollentuna and Bromma, among others,
have generally proceeded as planned in 2006/07.
The Supervisory Board considers the profit for 2006/07 satisfactory.
Profit before tax and value adjustments of approx. DKK 22 - 25 million are
expected for 2008.
Please address questions relating to this Announcement to Company Secretary,
Klaus T. W. Lund, on telephone +45 3378 4000.
