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Interim report January – June 2010

Report 8/23/2010 2:33 PM

Good demand for JM's housing


· Revenues decreased to SEK 4,114m (5,394) of which restatement according to IFRIC 15 had a negative impact on profit of SEK -216m (973). The number of residential units sold totaled 1,462 (1,504)
· Profit before tax improved to SEK 294m (90), of which restatement according to IFRIC 15 had a negative impact on profit of SEK -38m (3). Profit after tax for the first six months improved to SEK 205m (63). Operating margin increased to 8.0 percent (2.9)
· Return on equity for the past twelve months was 14.7 percent (4.8). Earnings per share during the first six months amounted to SEK 2.50 (0.80)
· Consolidated cash flow including net investment in properties totaled SEK -236m (165) of which SEK -719m paid in cash relating to the acquisition of the Dalénum area, Stockholm.