GOTEBORG, Sweden, Aug. 23, 2002 (PRIMEZONE) -- Bure Equity:
The net asset value was SEK 31.00 per share - a fall of 16 per cent during the quarter adjusted for dividend. Listed holdings accounted for the majority of the fall.
The parent company's result after tax amounted to SEK -336M for the second quarter of which write-downs accounted for SEK 322M. The result for the first half of 2002 amounted to SEK -380M.
Reduced exposure within Venture Capital freed up SEK 126M, an exit gain of SEK 44M.
Investment of SEK 154M in the second quarter making a total investment of SEK 316M during the six-month period.
Weaker results in general in the hub companies - continued focus on efficiency measures.
Process initiated for stock market listing of Molnlycke Health Care, in which Bure owns 17 per cent.
TELEPHONE CONFERENCE ON 23 AUGUST
At 10:30 a.m. today, 23 August 2002, a telephone conference will take place in Swedish with the President, Peter Sandberg and the Chief Financial Officer, Benny Averpil. Journalists and professionals in the capital markets are invited to take part.
You can participate by telephoning +44 (0)20 8240 8242, quoting Bure.
Gothenburg, 23 August 2002
Bertel Enlund Anders IvdalAuthorised Public Accountant Authorised Public Accountant
Future reports
Interim Report January-September 25 October 2002
Year-End Report 2002 20 February 2003
Interim Report January-March 2003 29 April 2003
For further information, please contact
Peter Sandberg, President +46 31-708 64 20
Benny Averpil, Chief Financial Officer +46 31-708 64 40,
+46 708-63 54 07
Irene Axelsson, Head of Corporate Communications +46 31-708 64 47,
+46 706-32 81 83
The report is available on Bure's website: www.bure.se
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The following files are available for download:
www.waymaker.net/bitonline/2002/08/23/20020823BIT00170/wkr0001.doc The Full Report www.waymaker.net/bitonline/2002/08/23/20020823BIT00170/wkr0002.pdf The Full Report