DOW JONES NEWSWIRES
Swedish investment and property company L.E. Lundbergforetagen
AB (LUND-B.SK) said Thursday its net asset value per share dipped
3.3% in the first half of the year, and had fallen 18% as of Aug.
23, largely due to value declines in its listed holdings.
MAIN FACTS:
-Net asset value per share fell to SEK290 on June 30 and to
SEK245 on Aug. 23, from SEK300 on Dec. 31.
-2Q net profit rose to SEK1.04 billion from SEK554 million in 2Q
2010.
-In 1H, the company invested a total of SEK2.39 billion in
listed shares, including Skanska AB (SKA-B.SK), Holmen AB
(HOLM-B.SK), Industrivarden AB (INDU-A.SK), Sandvik AB (SAND.SK)
and Husqvarna AB (HUSQ-B.SK).
-In August, it bought SEK130 million worth of shares in Skanska,
SEK75 million worth in Sandvik and SEK69 million worth in
Husqvarna.
-All shares in Cardo were divested in 1H at a SEK2.63 billion
profit for the parent company.
-At 1143 GMT, shares were up 0.3% at SEK201.60.
-By Anna Molin, Dow Jones Newswires; +46 8 545 131 03;
anna.molin@dowjones.com
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