Brief: Kvika Banki Q1 Net Operating Income At ISK 2.29 Bln

Kvika banki

27/05/2019 10:19

May 27 (Reuters) - Kvika banki hf  KVIKA.IC :
    * Q1 NET OPERATING INCOME AMOUNTED TO ISK 2,289 MILLION
    * Q1 PROFIT BEFORE TAXES AMOUNTED TO ISK 852 MILLION
    * OUTLOOK: ACCORDING TO REVISED EARNINGS FORECAST PROFIT
BEFORE
TAXES FOR YEAR AMOUNT TO APPROX. ISK 2,700 M.
    * EARNINGS FORECAST OF BANK FOR 2019 HAS BEEN REVISED IN
LIGHT OF
RESULTS OF Q1 AS WELL AS OUTLOOK FOR REST OF YEAR
    * OUTLOOK: NET OPERATING INCOME FOR YEAR 2019 IS ESTIMATED
AT
APPROX. ISK 8,000 M
    * SAYS MARKET CONDITIONS WERE FAVOURABLE DURING QUARTER
WHICH,
AMONG OTHER THINGS, IS REFLECTED IN INCREASED TURNOVER IN
SECURITIES MARKETS.

Source text for Eikon:  ID:nGNE5dNgCh 
Further company coverage:  KVIKA.IC 

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