Brief: BankNordik Q4 Operating Profit Rises To DKK 97 Mln

Foeroya Banki P/F

27/02/2018 06:46

Feb 27 (Reuters) - Banknordik P/F  BNORDIK.CO : 
    * OPERATING PROFIT INCREASED TO DKK 97M IN Q4 2017 FROM DKK 
42M IN 
Q3 2017 
    * RECORDED PROFIT BEFORE TAX OF DKK 92M IN Q4 2017 COMPARED 
TO A 
PROFIT OF DKK 30M IN Q3 2017 
    * Q4 NET INTEREST INCOME DKK 95 MILLION VERSUS DKK 100 
MILLION 
YEAR AGO 
    * BOARD WILL PROPOSE A DIVIDEND PAYMENT OF DKK 40M FOR 2017 
(DKK 4 
PER SHARE) 
    * NET INSURANCE INCOME WAS DKK 12M IN Q4 2017 COMPARED TO 
DKK 13M 
IN Q3 2017 
    * OPERATING COSTS ARE EXPECTED TO STAY FLAT COMPARED TO 2017 
    * NET PROFIT IS EXPECTED TO BE IN RANGE OF DKK 100-150M IN 
2018 
    * EXPECTS PROFIT BEFORE IMPAIRMENT CHARGES, NON-RECURRING 
ITEMS, 
VALUE ADJUSTMENTS AND TAX IN RANGE OF DKK 160-200M IN 2018 
 
Source text for Eikon:  ID:nICE7mNs  
Further company coverage:  BNORDIK.CO  
 
 (Gdynia Newsroom) 
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