Northern Logistic Property ASA - Results Q2 2008
Northern Logistic Property ASA released its results for second quarter and first half year 2008.
Highlights
* Rental income NOK 91 mill (NOK 76 mill), year to date NOK 182 mill (NOK 161 mill)
* Operating income before fair value adjustments NOK 78 mill (NOK 69 mill), YTD NOK 152 mill (NOK 140 mill)
* Cost of debt 5.0% (5.0%)
* Earnings before income taxes NOK 16 mill (NOK 160 mill), YTD loss NOK 22 mill (NOK 227 mill)
* Agreement with Brinova and Green Cargo for an extension of the property in Haninge Stockholm with 10,000 sqm, valued at SEK 90 mill
* Acquisition of five properties totalling 110,000 sqm located in central logistics clusters in Sweden from Kungsleden AB, valued at SEK 600 mill
Interim Report Second Quarter 2008
Presentation Second Quarter Results 2008
source : Northern Logistic Property
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