NPRO: 2Q 2018 - EARNINGS PER SHARE NOK 0.06, DIVIDEND NOK 0.07 PER SHARE
Pre-tax profit came to NOK 57.0 million in 1Q 2018 (NOK 325.7 million), and NOK 198.6 million in 1H 2018 (NOK 612.9 million). After NOK 24.3 million in estimated tax expense, net profit for the quarter came to NOK 32.7 million. That yielded ordinary earnings per share (EPS) of NOK 0.06 for the second quarter. Carried equity per share came to NOK 14.06 at 30 June 2018, only a minor change from NOK 14.06 at 31 March 2018 (Epra NAV: NOK 15.47 and Epra NNNAV: NOK 14.70 at 30 June 2018).
Link to webcast in Norwegian: http://webtv.hegnar.no/presentation.php?webcastId=92013407
The board of directors has approved a dividend of NOK 0.07 per share to be distributed to the registered shareholders as of 13 August 2018 (ex. date is 7 August 2018).
For further information, please contact:
Haavard Rønning, CFO
Telephone: +47 400 200 19
This information is subject of the disclosure requirements according to §5-12 of the Norwegian Securities Trading Act (“Verdipapirhandelloven”).
Norwegian Property is a focused and fully integrated office property company with 32 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 15.4 billion, is characterized by central location and attractive premises high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.
Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.