Genova Property Group Interim Report January–March 2023
January-March 2023 period · Rental income amounted to SEK 128.9m (93.6), an increase of 38%. · Net operating income amounted to SEK 90.9m (63.5), an increase of 43%. · Income from property management decreased 64% to SEK 11.3m (30.9), of which income from property management attributable to shareholders was SEK -7.4m (19.2), corresponding to SEK -0.16 (0.46) per share. The decline was due mainly to negative changes in the values of properties in joint ventures of appropriately SEK 19m and higher interest expense. · Net income after tax amounted to SEK -40.2m (167.0),