Nordic Business Report-August 29, 2006-Olav Thon Eiendomsselskap ASA reports Q2 operating profit of NOK364.7m
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The Norwegian property company Olav Thon Eiendomsselskap ASA issued on Monday (28 August) its second quarter report, posting an operating profit of NOK364.7m, as compared to NOK480.5m in the second quarter of 2005.
The decline was due to changes in the value of investment properties.
Rent revenues amounted to NOK308.9m, as compared to NOK179.4m in the second quarter last year. The increase was largely due to the acquisition of Amfi Eiendom.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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