Brief: Bank Of Greenland Sees 2020 Pretax Profit In Range Of DKK 110-125 Mln

Groenlandsbanken A/S

20/10/2020 10:29

Oct 20 (Reuters) - Groenlandsbanken A/S  GRLA.CO :
    * REG-THE BANK OF GREENLAND IS UPGRADING ITS EXPECTATIONS OF
THE
PROFIT FOR 2020.
    * BANK OF GREENLAND IS UPGRADING ITS EXPECTATIONS OF PROFIT
BEFORE
TAX FOR 2020 TO A LEVEL OF DKK 110-125 MILLION, COMPARED TO
PREVIOUS DKK 100-120 MILLION.
    * UPWARD ADJUSTMENT PRIMARILY BASED ON CONTINUED
SATISFACTORY
EARNINGS AND HOW BANK STILL NOT RECORDED ANY SIGNIFICANT LOSSES
AS CONSEQUENCE OF COVID-19 SITUATION
    * ON 27 JULY 2020 THE EXPECTATIONS OF PROFIT BEFORE TAX FOR
2020
WERE ADJUSTED TO THE RANGE OF DKK 100-120 MILLION
    * ON MAY 6, 2020 EXPECTATIONS OF PROFIT BEFORE TAX FOR 2020
WERE
WIDENED TO RANGE OF DKK 80-120 MILLION

Source text for Eikon:  ID:nGNE6XYpGs 
Further company coverage:  GRLA.CO 

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