Brief: Banknordik Q2 Operating Profit At DKK 65 Mln; Raised Net Profit Guidance

Foeroya Banki P/F

03/08/2018 07:09

Aug 3 (Reuters) - BANKNORDIK P/F  BNORDIK.CO :
    * REG-SATISFACTORY H1 2018 FINANCIAL RESULTS - ANOTHER
QUARTER OF
REVERSED IMPAIRMENT CHARGES AND RAISED GUIDANCE
    * NET INTEREST INCOME WAS DOWN BY DKK 1M IN Q2 2018 COMPARED
TO Q1
2018
    * OPERATING PROFIT FELL TO DKK 65M IN Q2 2018 FROM DKK 77M
IN Q1
2018
    * PROFIT BEFORE TAX OF DKK 59M IN Q2 2018 COMPARED TO A
PROFIT OF
DKK 148M IN Q1 2018
    * NET IMPAIRMENT CHARGES WERE A DKK 23M REVERSAL IN Q2 2018
COMPARED TO A REVERSAL OF DKK 31M IN Q1 2018
    * VALUE ADJUSTMENTS AMOUNTED TO A LOSS OF DKK 17M IN Q2 2018
COMPARED TO A LOSS OF DKK 6M IN Q1 2018
    * GROUP IS RAISING FY2018 NET PROFIT GUIDANCE FROM DKK
175-225M AS
PREVIOUSLY GUIDED TO DKK 190-240M (H1 2018: DKK 169M)
    * RECONFIRMS FY2018 GUIDANCE OF PROFIT BEFORE IMPAIRMENT
CHARGES,
NON-RECURRING ITEMS, VALUE ADJUSTMENTS AND TAX

Source text for Eikon:  ID:nGNE8Vbc8v 
Further company coverage:  BNORDIK.CO 

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