Half-yearly Report, January - June 2001

Profit for the period after net interest income and expense amounted to SEK 176.5 million * Profit for the period after net interest income and expense amounted to SEK 176.5 million (146.1). The profit includes items affecting comparability totalling SEK 18.1 million (56.0) and a supplementary purchase sum of SEK 20 million for the Liljeholmen properties. * For comparable property holdings, the net rents from property management rose by 15.2 per cent and the gross profit by 29.5 per cent compared with the preceding year. * The rental markets in central Stockholm and central Gothenburg are stable. Office rents of over SEK 6,000 per square metre were noted in Stockholm. Store rents in the Golden Triangle have been renegotiated to the SEK 10,000-12,000 per square metre level. After the end of the period * A positive effect of SEK 100 million on profit 2001 as a result of a reduced tax assessment. Stockholm, August 21, 2001 HUFVUDSTADEN AB (publ) Ivo Stopner President Enclosure: Half-yearly Report, January-June 2001 For further information, please contact Ivo Stopner, President, or Claes Hjorth, CFO, telephone +46 8 762 90 00. HUFVUDSTADEN Half-yearly Report, January - June 2001 * Profit for the period after net interest income and expense amounted to SEK 176.5 million (146.1). The profit includes items affecting comparability totalling SEK 18.1 million (56.0) and a supplementary purchase sum of SEK 20 million for the Liljeholmen properties. * For comparable property holdings, the net rents from property management rose by 15.2 per cent and the gross profit by 29.5 per cent compared with the preceding year. * The rental markets in central Stockholm and central Gothenburg are stable. Office rents of over SEK 6,000 per square metre were noted in Stockholm. Store rents in the Golden Triangle have been renegotiated to the SEK 10,000-12,000 per square metre level. After the end of the period * A positive effect of SEK 100 million on profit 2001 as a result of a reduced tax assessment. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/21/20010821BIT00830/bit0002.doc The full report http://www.waymaker.net/bitonline/2001/08/21/20010821BIT00830/bit0002.pdf The full report