Growth region oriented Klövern (STO: KLOV) was third in line from the real estate sector in Stockholm to report. It also did well as was expected. Operating surplus for first six months is the best ever for the company. The company CEO ’feels good’ that rental levels are rising and Klövern managed to keep property management earnings at the same level despite increased financial costs.
Earnings per share for second quarter were 1.01 SEK where as in 2010 Q2 it was 0.73 SEK. Cash flow was slightly negative after 223 million of investment activities and dividend payment. Klövern is slightly over half a per cent an hour before close. Full interim report is available here.
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