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28 May 2012

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Sweden's Hufvudstaden back in black at E197m

Stockholm-based Hufvudstaden, Sweden's second-largest real estate firm, returned to net profit in 2010, declaring SEK1.73bn (E196.9m), equivalent to SEK8.40 (E0.95) per share. It attributed the turnround to an positive change in the value of its holdings and deferred tax. Last year the firm posted net losses of SEK357m (E40.6m).

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