STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Platzer Fastigheter Holding AB (publ) (STO:PLAZ):
• Rental incomes increased to SEK 261 million (231)
• Income from property management improved by 25 % to SEK 105 million
• Net profits for the period amounted to SEK 85 million (145)
• Property value increased to SEK 7,195 million (6,913)
• Equity per share amounted to SEK 28.75 (28.47)
• Earnings per share amounted to SEK 0.88 kr (2.06)
“The business is growing with healthy profitability," says Platzer's CEO, P-G Persson. "We increased earnings from property management by 25% by adding new properties and improving the performance of existing properties. Our project and property development work is continuing to unlock value in the portfolio. High levels of activity in the transaction market are pushing down market yields. All in all, this meant a 100% improvement in property-related earnings in the first half of 2014."
"A strong property market in the Gothenburg region is benefitting us as a local player, and I see considerable potential to grow further through project and property management and strategic acquisitions."
Platzer Fastigheter Holding AB (publ)
For further information, please visit www.platzer.se
The information is of such a nature that Platzer must publish it in accordance with the Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on Tuesday 8 July at 08:00 am. The Interim Report will be published in English latest on Thursday 10 July.
Platzer Fastigheter Holding AB (publ) owns and manages commercial properties in the Gothenburg area with a total leasable area of approximately 380,000 square meters with a value of approximately SEK 7,2 billion. Platzers shares are listed on Nasdaq OMX Stockholm, Mid Cap.
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