Highligts in the report:
The Group posted another good operating result in the second quarter, with
profit before income tax
amounting to NOK 286 (173) million.
Fair value adjustments of investment properties amounted to NOK -328 (-940)
million, and fair value
adjustments of interest rate derivatives totalled NOK 113 (418) million in the
quarter.
Profit before tax, fair value adjustments and currency result amounted to NOK
523 (592) million in the
quarter.
The Group's rental income in the second quarter amounted to NOK 944 (946)
million.
The Group's financial position is solid, and by the end of the first half of the
year the Group's equity
ratio was 50 % (51 %), while its liquidity reserves increased to NOK 7 782 (4
910) million.
Retail sales in the shopping center portfolio in the second quarter were NOK 14
697 (14 258) million, an
increase of 3 % compared to the same quarter last year.
For Olav Thon Eiendomsselskap ASA
Arne B. Sperre
EVP Finance and CFO
Tel: + 47 926 97 622