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| Norwegian Property posts third quarter 2009 results Norwegian Property ASA achieved a profit before tax of NOK 251 million for the third quarter 2009, compared with NOK -1 372 million in the corresponding period last year. Gross rental income amounted to NOK 445 million, which adjusted for sale of properties, corresponds to an increase of 1.4 percent from third quarter 2008. Operating profit before fair value adjustments was NOK 363 million, compared with NOK 388 million in the same period last year. Total value adjustments for the property portfolio came to minus 0.1 percent in the quarter, of which commercial properties had a positive value adjustment of 0.1 percent and the hotel portfolio was adjusted downwards by 0.5 percent. write your comments about the article :: © 2009 Construction News :: home page |