Nordic Business Report-April 27, 2006-Klovern AB reports Q1 operating profit of SEK214.5m
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The Swedish property company Klovern AB issued on Thursday (27 April) its interim report for the first quarter, posting an operating profit of SEK214.5m, as compared to SEK77.3m in the first quarter of 2005.
The result was boosted by SEK112m in unrealised property value changes.
Rental revenues amounted to SEK181.9m, as compared to SEK138.8m in the first quarter last year.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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