trending Market Intelligence /marketintelligence/en/news-insights/trending/OTaY6bcEbnOmvkQlRkQEQg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Tobin Properties swings to profit in Q3

Blog

So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?

Blog

Industry Top Trends 2021: Oil and Gas

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining


Tobin Properties swings to profit in Q3

Tobin Properties AB said its normalized net income for the third quarter amounted to 3.87 Swedish kronor per share, compared with a loss of 17 öre per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 31.4 million kronor, compared with a loss of 1.1 million kronor in the prior-year period.

The normalized profit margin climbed to 80.9% from negative 35.0% in the year-earlier period.

Total revenue grew on an annual basis to 38.8 million kronor from 3.1 million kronor, and total operating expenses rose 83.8% on an annual basis to 8.6 million kronor from 4.7 million kronor.

Reported net income totaled 44.3 million kronor, or 5.46 kronor per share, compared to a loss of 7.4 million kronor, or a loss of 1.18 kronor per share, in the year-earlier period.

As of Nov. 29, US$1 was equivalent to 9.20 Swedish kronor.