Eastnine AB (publ) To Acquire The Bridge in Warsaw Transcript
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Hello, and a very warm welcome to Eastnine's second quarter results presentation. My name is Kestutis Sasnauskas. And with me Adela Colakovic, our new CFO, and we will together to guide you through this quarterly result and the latest news in the company.
Before I start, I kind of ask you to post questions during our presentation and when the presentation is over, we will respond to your questions.
So if we move to the first -- our second quarter, we delivered stable results. Our rental income is up slightly. We are coming from very high occupancy levels. So it's very difficult to increase our earnings significantly from 96.5% occupancy, which also increased during the quarter.
Our net operating income, again, stable, somewhat lower over the first half year. But it's also the same for the profit and property management. It's a result of us actually building up organization to take our next step and this is probably the main explanatory reason why the net results are somewhat lower.
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