Brief: Skjern Bank FY Net Profit Down At DKK 135.5 Mln

Skjern Bank A/S

30/01/2020 13:50

Jan 30 (Reuters) - Skjern Bank A/S  SKJE.CO :
    * REG-ESPECIALLY SATISFACTORY RESULTS
    * CORE PROFIT IN 2020 IS EXPECTED TO BE IN RANGE OF DKK 125
- 140
MILLION
    * FY NET INCOME FROM INTEREST  DKK 185.3  MILLION VERSUS DKK
185.2
MILLION YEAR AGO
    * FY NET PROFIT DKK 135.5 MILLION VERSUS DKK 142.5 MILLION
YEAR
AGO
    * 2020  PROFIT BEFORE TAX IN THE RANGE OF DKK 115 – 130
MILLION,
ASSUMING POSITIVE EXCHANGE RATE ADJUSTMENTS AT THE LEVEL OF DKK
5 MILLION AND IMPAIRMENT IN THE RANGE OF DKK 15 – 20 MILLION.
    * SEES LOWER PROFIT IN 2020 DUE TO EXPECTATIONS OF LOWER FEE
INCOME FROM LOAN CASES AND LOWER EXCHANGE RATE ADJUSTMENTS
    * BANK’S MANAGEMENT PROPOSES A CASH DIVIDEND OF DKK 3 PER
SHARE, A
TOTAL OF DKK 28.9 MILLION, FOR THE FINANCIAL YEAR 2019

Source text for Eikon:  ID:nGNE8dfHLl 
Further company coverage:  SKJE.CO 

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