Skanska misses profit view as property market slump bites

© Reuters. FILE PHOTO: A Skanska worker is pictured at a construction site in the centre of Warsaw February 6, 2012. REUTERS/Kacper Pempel//File Photo

The one-off charges, which were not included in estimates, amounted to 0.9 billion crowns, the company said. Skanska said order bookings at its construction business, which accounts for the bulk of group revenue, fell 29% quarter-on-quarter adjusted for currency swings after it chalked up its best intake in more than a decade in the preceding quarter.

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How To Profit From Loopholes In The Efficient MarketI'm a reporter on Forbes' money team covering investing trends and Wall Street's difference-makers. I've reported on the world's billionaires for Forbes' wealth team and was previously an assistant editor covering money and markets.
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