Brief: BankNordik Q2 Pre-Tax Profit Up At DKK 86 Million

Foeroya Banki P/F

05/08/2019 07:10

Aug 5 (Reuters) - BankNordik P/F  BNORDIK.CO :
    * REG-INCREASED BUSINESS VOLUMES – CONTINUED MARGIN PRESSURE
    * SAYS FIRST HALF OF 2019 PROGRESSED WELL AND WE DELIVERED
SATISFACTORY FINANCIAL RESULTS
    * OPERATING PROFIT WAS UP BY DKK 39M TO 96M IN Q2 2019 FROM
DKK
57M IN Q1 2019.
    * RECONFIRMS FY2019 GUIDANCE OF OPERATING PROFIT BEFORE
IMPAIRMENT
CHARGES IN RANGE OF DKK 160-200M (H1 2019: DKK 81M).
    * Q2 FEE AND COMMISSION INCOME WAS DKK 45M IN Q2 2019, DOWN
DKK 2M
FROM Q1 2019
    * MANAGEMENT RECONFIRMS FY2019 GUIDANCE OF OPERATING PROFIT
BEFORE
IMPAIRMENT CHARGES IN RANGE OF DKK 160-200M (H1 2019: DKK 81M).
    * Q2 PROFIT BEFORE TAX DKK 86 MILLION VERSUS DKK 59 MILLION
YEAR
AGO
    * Q2 NET INTEREST INCOME DKK 90 MLN VS DKK 93 MLN YR AGO

Source text for Eikon:  ID:nGNEwfC4t 
Further company coverage:  BNORDIK.CO 

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