Helsinki: Weekly earnings summary Nov 7
This week, the Helsinki stock exchange index (OMXH25) moved sideways, rising only 0.13%, as the earnings season continued. The latest reports showed a clear divide between companies: some showed signs of recovery thanks to new products or exports, while others struggled with cooling demand and rising costs.
CTY1SCitycon (CTY1S)
Citycon's profit decline slowed down, but net profit still decreased by 7.1%. Rental income grew by 7.3%, but this was overshadowed by lower property value growth and rapidly increasing operating expenses. G City's mandatory takeover bid limits the stock's movement. The stock fell by 1.0% over the week.
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