Brief: Hoist Finance Q2 Pre-Tax Result Turns To Profit Of SEK 52 Mln

Hoist Finance AB (publ)

21/07/2021 06:41

July 21 (Reuters) - Hoist Finance AB (publ)  HOFI.ST :
    * Q2 TOTAL OPERATING INCOME AMOUNTED TO SEK 625M (513)
    * Q2 PROFIT/LOSS BEFORE TAX TOTALLED SEK 52M (-64)
    * SIGNIFICANT ONE-OFF EFFECTS DURING H1 HAS HAD NEGATIVE EFFECT ON CAPITAL POSITION
    * IS TAKING MEASURES TO IMPROVE THIS THROUGH IMPROVED PROFITABILITY AS WELL AS ADDITIONAL
INITIATIVES
    * SAYS NEEDS TO FOCUS AND IMPROVE PERFORMANCE
    * INITIATES TRANSFORMATION TO ACCELERATE PORTFOLIO ACQUISITIONS, IMPROVE PRODUCTIVITY AND
REDUCE
COSTS

Source text for Eikon:  ID:nWkr5WjKRV 
Further company coverage:  HOFI.ST 

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