Diös Fastigheter AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 01:00 am EDT
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Diös Fastigheter AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 573 million compared to SEK 514 million a year ago. Revenue was SEK 621 million compared to SEK 559 million a year ago. Net income was SEK 88 million compared to net loss of SEK 120 million a year ago. Basic earnings per share from continuing operations was SEK 0.62 compared to basic loss per share from continuing operations of SEK 0.84 a year ago.
For the nine months, sales was SEK 1,714 million compared to SEK 1,510 million a year ago. Revenue was SEK 1,858 million compared to SEK 1,641 million a year ago. Net loss was SEK 163 million compared to net income of SEK 944 million a year ago. Basic loss per share from continuing operations was SEK 1.15 compared to basic earnings per share from continuing operations of SEK 6.67 a year ago.
Dios Fastigheter AB is a Sweden-based company active within the real estate sector. It is engaged in the acquisition, development, management and sale of primarily commercial real estate property, such as offices, retail premises and industrial premises, among others. Its real estate portfolio is focused in the municipalities of Borlange, Falun, Gavle, Mora, Ostersund, Sundsvall, Skelleftea and Lulea. As of December 31, 2011, the Companyâs real estate portfolio comprised 93 properties with a total leasable area of 338,721 square meters. The Company has nine subsidiaries: Dios Fastigheter I AB, Dios Fastigheter II AB, Dios Fastigheter V AB, Fastighets AB Uprum, Dios Fastigheter X AB and Are Contrum AB, among others. In July 2014, it sold property Borgmastaren 4, Strandgatan 22 to a newly formed housing association Borgmastaren 4 in Ostersund. In September 2014, the Company sold a property at Solhojden 31 in Sundsvall to HSB Produktion.