Brief: Kvika Banki Provides Positive Profit Announcement

Kvika banki

21/04/2021 06:47

April 21 (Reuters) - Kvika banki hf.  KVIKA.IC :
    * SAID ON TUESDAY ESTIMATED EARNINGS FOR KVIKA, TM HF. AND
LYKILL
FJÁRMÖGNUN HF. IS BETWEEN ISK 2,400 - 2,600 MLN BEFORE TAX FOR
Q1
    * KVIKA'S ESTIMATED EARNINGS BEFORE TAX IS AROUND ISK 1,000
MLN,
WHICH IS CONSIDERABLY HIGHER THAN EXPECTED FOR THE QUARTER
    * TM'S INVESTMENT INCOME IS ESTIMATED TO BE AROUND ISK 1,700
MILLION AND IT'S COMBINED RATIO AROUND 103%
    * ACCORDING TO PRELIMINARY FINANCIAL RESULTS FOR Q1 TM AND
LYKILL'S EARNINGS WILL THEREFORE BE BETWEEN ISK 1,400-1,600
MILLION BEFORE TAX

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE3FtmBv
    
 Further company coverage:  KVIKA.IC  
   


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