NPRO 3Q 2016: GROWTH IN RENTAL INCOME AND IMPROVED RESULTS

Rental income up 

Overall rental income came to NOK 229.7 million, up from NOK 220.7 million in the same period of 2015. When purchase and sale of properties are taken into account, the increase in rental income was 10.1 per cent.

Pre-tax profit of NOK 260.7 million

After NOK 65 million in tax expense, net profit for the period came to NOK 195.7 million. That yielded ordinary earnings per share (EPS) of NOK 0.36 for the third quarter. Carried equity per share came to NOK 11.50 at 30 September 2016, up from NOK 11.20 at 30 June 2016 (Epra NAV: NOK 12.83 and Epra NNNAV: NOK 12.22 at 30 September 2016).

Webcast link:

http://webtv.hegnar.no/presentation.php?webcastId=40090977

For further information, please contact: 

Svein Hov Skjelle, CEO

Telephone: +47 930 55 566

Email: shs@npro.no 

This information is subject of the disclosure requirements according to §5-12 of the Norwegian Securities Trading Act (’Verdipapirhandelloven’).