Olav Thon Eiendomsselskap ASA (GB:0FHP) has released an update.
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Olav Thon Eiendomsselskap ASA reported a satisfactory second quarter with a pre-tax profit of 286 million NOK, despite a decrease in the value of investment properties and financial instruments. Rental income remained stable, and the company saw a 3% increase in shopping center turnover compared to the previous year. The firm maintains a strong financial position, with a solid equity ratio of 50% and an increased liquidity reserve of over 7.7 billion NOK.
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