Brief: Lollands Bank Q1 Pre-Tax Profit Down At DKK 5.5 Mln

Lollands Bank A/S

27/05/2020 12:38

May 27 (Reuters) - Lollands Bank A/S  LOLB.CO :
    * Q1 NET INTEREST AND FEES INCOME DKK 48.9 MILLION VERSUS
DKK 45.6
MILLION YEAR AGO
    * Q1 LOAN LOSSES DKK 1.2 MILLION VERSUS DKK 5.1 MILLION YEAR
AGO
    * Q1 PRE-TAX PROFIT DKK 5.5 MILLION VERSUS DKK 20.3 MILLION
YEAR
AGO
    * KEEPS FY CORE INCOME OUTLOOK
    * CUTS FY OUTLOOK ON PRE-TAX PROFIT TO LEVEL OF DKK 30-40
MILLION
    * ON CORONAVIRUS: PANDEMIC TO LEAD TO INCREASED WRITE DOWNS

Source text for Eikon:  ID:nGNErzYf5 
Further company coverage:  LOLB.CO 

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