JM presents Year-end report 2005 (SE)

JM, one of the Nordic regions leading developers of housing and residential areas, reports significantly increased profitability and continued strong sales over the year 2005.

The highlights are:

  • Income increased by 16 percent to SEK 9,887m (8,532) and the number of sold residential units totaled 4,240 (4,315)
  • Earnings before tax improved substantially to SEK 1,151m (647) and profit after tax for the year rose to SEK 976m (474). The operating margin increased to 12.5 percent (9.3)
  • Property sales of SEK 1,752m (1,018) provided capital gains of SEK 247m (164)
  • Return on equity increased to 28.8 percent (14.4). Earnings per share increased to SEK 37.00 (16.90)
  • Interest-bearing net liabilities decreased by SEK 2.1 billion to an interest-bearing net receivable of SEK 1.5 billion (-0.6). The Groups cash flow, including property sales, was robust and totaled SEK 3.4 billion (2.2)
  • The Board of Directors proposes a dividend of SEK 10 (7) per share. In addition the Board proposes a distribution of approximately SEK 1.0 billion through redemption of shares corresponding to approximately SEK 40 per existing share.
  • The Board of Directors proposes a 4:1 share split.

Source: JM

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