Highlights in Q1:
The Group had a satisfactory development in the first quarter, with profit
before income tax amounting to NOK 1.004
The Group's rental income in the first quarter amounted to NOK 1.009 million.
Fair value adjustments of investment properties amounted to NOK 442 million,and
fair value adjustments of interest rate derivatives was NOK 18 million in the
quarter.
Profit before tax, fair value adjustments and currency result amounted to NOK
598 million in the quarter.
The Group's financial position is solid. By the end of the quarter the
Group's equity ratio increased to 52%,while its liquidity reserves was NOK
10.067 million.
Retail sales in the shopping center portfolio were NOK 13.402 million, an
increase of 2% compared to the same quarter last year.
For Olav Thon Eiendomsselskap ASA
Arne B. Sperre
EVP Finance and CFO
Tel: + 47 926 97 622