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| JM reports interim results for January – June 2009 Swedish builder JM said revenues fell 35 percent to SEK 4,421m (6,829) and the number of residential units sold increased to 1,504 (1,294). Profit before tax dropped to SEK 87m (1,014) and the profit after tax fell to SEK 61m (727). Write-downs of SEK 87m (0) for development properties were charged against operating profit. Operating margin decreased to 3.4 percent (14.9). Property sales of SEK 166m (73) resulted in gains of SEK 41m (21). write your comments about the article :: © 2009 Construction News :: home page |