Listed office specialist Norwegian Property reported a pre-tax loss of NOK 271.1 mln (€35.3 mln) in its preliminary results for Q1 2013, reflecting a further decline in the value of its portfolio.
Listed office specialist Norwegian Property reported a pre-tax loss of NOK 271.1 mln (€35.3 mln) in its preliminary results for Q1 2013, reflecting a further decline in the value of its portfolio.
Norwegian Property saw the total value of its investment portfolio fall 3% or NOK 443.1 mln (€57.7 mln) during the first three months of the year.
Gross income in the first quarter was NOK 224.8 mln (€29.3 mln) based on preliminary results, up from the NOK 222.7 mln (€29 mln) recorded in the fourth quarter of 2012. Profit before changes in market values was (preliminary) NOK 75.9 mln (€9.9 mln), representing a slight increase on Q4 2012 figures.
