Entra report a profit after tax for Q2 of NOK 506 million, compared with 245 million the same quarter of 2014. According to estimates obtained by the SME Direkt for TDN Finans was expecting a net profit of 251 million.
Unrealised changes during the financial records blowing Entra century. In Q2 2014, this amount is 157 million dollars, while in this year’s Q2 344 million.
The increase in value of Entra’s property base is NOK 178 million in Q2.
The quarterly earnings per share were NOK 2.70, compared to 1.638 million in the same quarter last year and an average estimate of 1.37 million.
Before tax profit was 661 million, against expected 331 million. Expectations were in line with last year’s second quarter.
The result for the real estate operations amounted to 353 million in the 2nd quarter, against 363 million at the same crossroads last year. Analysts had expected 356 million.
The rental income amounted to 423 million. Here it was expected 431 million. In last year’s Q2 Entra had rental income of 442 million.
– The reduction in rental income resulting from the sale of 10 non-core properties in Q4 2014 and Q1 2015. Underlying like-for -like rental income is 2.2 percent from Q2 2014 to Q2 2015. This was mainly due to improved operating margins due to a reduction in administrative costs, highlighting Entra in exchange message.
The operating profit was NOK 563 million, against 640 million in the same quarter a year ago.
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