Nordic Business Report-April 26, 2006-Oslo Areal ASA reports Q1 operating result of NOK179.3m
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The Norwegian property company Oslo Areal ASA issued its first quarter report on Wednesday (26 April), posting an operating result of NOK179.3m, as compared to NOK17.1m in the first quarter of 2005.
The company was still in its start-up phase in the first quarter last year.
Rental income amounted to NOK74.2m, as compared to NOK37.3m in the first quarter last year.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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