|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||27.75 - 28.75|
|52-week range||18.92 - 30.15|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||30.00|
|Forward dividend & yield||1.10 (3.91%)|
|Ex-dividend date||31 Mar 2021|
|1y target est||N/A|
STOCKHOLM (Reuters) -Sweden's Skanska on Friday reported a jump in second-quarter profit as building activity rebounds, boosting its shares despite warning of rising pressure on its supply chain. The Nordic region's largest builder and one of the biggest in the United States posted an operating profit of 2.34 billion crowns ($269.5 million) versus 845 million a year earlier when the pandemic halted much of the industry. The result lagged pre-pandemic 2019, when Skanska posted a second-quarter profit of 2.74 billion crowns, but investors cheered the performance, with Skanska's shares up 6% at 0800 GMT.
Sweden's Skanska is gearing up for its biggest commercial property development project to date, an office building near Seattle in the United States. The Nordic region's biggest builder, and one of the biggest in the United States, said on Wednesday it would invest $476 million in the project in the tech-company heavy Bellevue area east of Seattle. "This is the biggest commercial development project in terms of invested capital," Claes Larsson, head of Skanska's property development operations, told Reuters.
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