GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Fastighets AB Balder (STO:BALDB)
· Profit from property management before tax increased to SEK 1,298m (897), corresponding to an increase per ordinary share of 53 percent to SEK 7.07 (4.62)
· Rental income amounted to SEK 2,031m (1,848)
· Profit after tax amounted to SEK 2,410m (1,658), corresponding to SEK 13.92 per ordinary share (9.34)
· Adjusted shareholders´equity amounted to SEK 97.39 per ordinary share (60.99) and the net asset value amounted to SEK 116.06 per ordinary share (73.78)
Profit from property management increased by 45 percent and amounted to SEK 1,298m (897), which corresponds to an increase per ordinary share by 53 percent to SEK 7.07 (4.62). Profit from property management includes SEK 329m (137) in respect of associated companies.
Net profit after tax amounted to SEK 2,410m (1,658) corresponding to SEK 13.92 per ordinary share (9.34). Profit before tax was affected by changes in value in respect of properties of SEK 1,371m (1,428), changes in value of interest rate derivatives of SEK 30m (-422) and profit from participations in associated companies of SEK 472m (225).
Enclosure: Interim report January – September 2015
Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 4 November 2015 at 14.00.CET.
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 39.9 billion (34.5) as of 30 September 2015. The Balder share is listed on Nasdaq Stockholm, Large Cap.
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