Brief: Lollands bank Q1 net income up at DKK 14.3 million

Lollands Bank A/S

11/05/2016 08:00

May 11 (Reuters) - Lollands Bank A/S  LOLB.CO  
    * Q1 net income 14.3 million Danish crowns ($2.19 million) versus 2.1 million crowns year 
ago 
    * Q1 reversal of loan losses 0.8 million crowns versus loan losses 26.6 million crowns year 
ago 
    * Q1 net interest and fees income 39.8 million crowns versus 41.5 million crowns year ago 
    * Maintains expectations of profit from core operations for 2016 
    * Sees 2016 core earnings at about 55 million - 60 million crowns 
    * Sees total write-downs on customers for 2016 at lower level than in 2015 
 
     
Source text for Eikon:  ID:nCSE6khB  
     
Further company coverage:  LOLB.CO  
 
($1 = 6.5309 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))