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Interim Report January - June 2008

Report 8/21/2008 2:40 PM

Slowed-down demand for the Group but Stockholm still stable – high profitability

- Income increased by 10 percent to SEK 6,829m (6,209) and the number of residential units sold fell to 1,294 (2,020)
- Earnings before tax totaled SEK 1,014m (1,023) and net profit for the first six months of the year was SEK 727m (738). Operating margin decreased to 14.9 percent (16.6)
- Property sales of SEK 73m ( 551) provided capital gains of SEK 21m (106)
- Return on equity for the past twelve months was 46.8 percent (47.2). Earnings per share during the first six months of the year was SEK 8.20 (8.00)
- Consolidated cash flow including net investments in properties was SEK 55m (521).