Summary
• During the first six months of the 2009/10 financial year, TK Development
recorded a profit of DKK 68.2 million after tax against DKK 50.9 million in the
first half of 2008/09.
• Consolidated equity totalled DKK 1,605.7 million at 31 July 2009,
corresponding to a solvency ratio of 38.3 %.
• The Group's 39,500 m² multifunctional centre, Entré in Malmö, Sweden, opened
in March 2009 and was handed over to the investor in June 2009.
• The first 6,400 m² phase of the Group's retail park in Most, the Czech
Republic, opened at the end of April 2009.
• The Group still faces difficult market conditions.
• The Group's project portfolio comprised 947,000 m², the same level as at 31
January 2009.
• TK Development continues to focus on costs, consolidating its position and
executing existing projects in the portfolio.
• Based on the sales already realized, the Group anticipates a profit after tax
of about DKK 50 million. The Group is working on additional sales, and if these
sales are realized in the current financial year, the Group will be able to
generate a profit of about DKK 150 million after tax, as previously forecast.
