Summarised Financial Statements 1 January - 31 December 1999

Summarised Financial Statements 1 January - 31 December 1999 * Pre-tax profit rose by 180 per cent, compared with 1998, to SEK 288m (103m). * Management profit doubled to SEK 115m (58m). * The board has adopted a new dividend policy and proposes buy-back of a maximum of 2,000,000 of outstanding shares (just under 10 per cent). * The board also proposes raising the regular dividend by SEK 1 per share to SEK 3.25 and also paying an extra dividend of SEK 10 per share. The total proposed dividend is thus SEK 13.25 per share. * Of Mandamus' current property stock, 63 per cent is composed of properties purchased after the company's admission to the Stockholm Stock Exchange in June 1998. The structure and concentration of the stock have thus improved radically. This process of value enhancement is continuing. * The year's restructuring work has involved the sale of 141 properties for SEK 974, at a disposal profit of SEK 166m, while 53 properties in priority areas were acquired for SEK 1,291m. * The property valuation carried out at year-end represents net worth per share of SEK 85 (78). ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/15/20000215BIT01100/bit0001.doc http://www.bit.se/bitonline/2000/02/15/20000215BIT01100/bit0002.pdf

Subscribe