Entra ASA reports higher Q2 profit despite lower rental income
Investing.com -- Entra ASA (OL:ENTRA) on Friday reported a pretax profit of NOK 534 million for the second quarter, up from NOK 344 million in the same period last year.
The Norwegian property company saw its rental income decrease to NOK 770 million in Q2, compared to NOK 853 million a year earlier.
Net operating income also declined to NOK 713 million from NOK 785 million in the corresponding quarter of the previous year.
Despite the lower rental and operating income, Entra’s net income from property management slightly increased to NOK 352 million, up from NOK 348 million in the second quarter of last year.
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