L.E. Lundbergforetagen NAV/Share Dips To SEK290 On June 30

   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; [phone]; [e-mail]

Order free Annual Report for L E Lundbergföretagen AB

Visit http://djnweurope.ar.wilink.com/?ticker=SE0000108847 or call [phone]