Brief: Groenlandsbanken Q3 Pre-Tax Profit Falls To DKK 19.4 Million

Groenlandsbanken A/S

02/11/2022 15:28

Nov 2 (Reuters) - Groenlandsbanken A/S  GRLA.CO :
    * PROFIT BEFORE TAX IS DKK 65.2 MILLION AT END OF SEPTEMBER
2022,
COMPARED TO DKK 114.4 MILLION FOR SAME PERIOD OF 2021
    * NET INTEREST AND FEE INCOME AMOUNT TO DKK 255.2 MILLION
FOR
FIRST THREE QUARTERS OF 2022, COMPARED TO DKK 249.1 MILLION FOR
SAME PERIOD OF 2021
    * VALUE ADJUSTMENTS AT END SEPT RESULTED IN CAPITAL LOSS OF
DKK
45.7 MILLION, COMPARED TO CAPITAL GAIN OF DKK 7.7 MILLION FOR
SAME PERIOD IN 2021
    * WRITE-DOWNS ON LOANS AND GUARANTEES AMOUNT TO A MODEST DKK
3.0
MILLION AT 30 SEPTEMBER 2022
    * REPEATS OUTLOOK ADJUSTED ON OCT 19
    * Q3 NET INTEREST AND FEE INCOME DKK 87.4 MILLION VERSUS DKK
DKK
80.9 MILLION
    * Q3 PRE-TAX PROFIT DKK 19.4 MILLION VERSUS DKK 39.6 MILLION
YEAR
AGO

Source text for Eikon:  ID:nGNE3W8ghS 
Further company coverage:  GRLA.CO 
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