Brief: Groenlandsbanken Q1 pre-tax profit up at DKK 38.2 million

Groenlandsbanken A/S

27/04/2017 15:13

April 27 (Reuters) - GROENLANDSBANKEN A/S  GRLA.CO  
    * IN Q1 2017, BANK OF GREENLAND ACHIEVED A SIGNIFICANTLY IMPROVED PROFIT BEFORE TAX OF TDKK 
38,209, COMPARED TO TDKK 21,481 IN 2016 
    * Q1 NET INTEREST AND FEE INCOME DKK 77.4 MILLION VERSUS DKK 69.9 MILLION YEAR AGO 
    * Q1 LOAN LOSSES DKK 3.9 MILLION VERSUS DKK 4.1 MILLION YEAR AGO 
    * Q1 PRE-TAX PROFIT DKK 38.2 MILLION VERSUS DKK 21.5 MILLION YEAR AGO 
    * PROFIT BEFORE VALUE ADJUSTMENTS AND WRITE-DOWNS AT THE LEVEL OF DKK 125-145 MILLION IS 
STILL EXPECTED, COMPARED TO DKK 140 MILLION IN 2016.  
 
Source text for Eikon:  ID:nCSE6TgX  
Further company coverage:  GRLA.CO  
 
 (Gdynia Newsroom) 
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