Brief: Vestjysk Expects Overall Profit In 2021 At DKK 1,080 Mln

Vestjysk Bank A/S

13/01/2022 14:12

Jan 13 (Reuters) - Vestjysk Bank  VJBA.CO :

    * UPGRADES ITS GUIDANCE FOR 2021
    * FOR 2022 BANK FORECASTS A PROFIT BEFORE TAX IN RANGE OF
DKK 600
- 650 MILLION.
    * UPGRADE IS RESULT OF A PERSISTENTLY HIGH LEVEL OF BUSINESS
ACTIVITY AND NON-RECURRING TAX INCOME RECOGNISED AS A DEFERRED
TAX ASSET
    * EXPECTED OVERALL PROFIT INCLUDING NON-RECURRING ITEMS
AFTER TAX
IS RAISED FROM ABOUT DKK 950-1,050 MILLION TO DKK 1,080 MILLION.
    * 2021 FORECAST FOR CORE EARNINGS NET OF NON-RECURRING COSTS
RELATING TO MERGER WITH DEN JYSKE SPAREKASSE FROM A PROFIT AFTER
TAX OF ABOUT DKK 650-700 MILLION TO DKK 725 MILLION.
    * EXPECTED OVERALL PROFIT IN 2021 INCLUDING NON-RECURRING
ITEMS
AFTER TAX IS RAISED FROM ABOUT DKK 950-1,050 MILLION TO DKK
1,080 MILLION

Source text for Eikon:  ID:nGNEQt2mw 
Further company coverage:  VJBA.CO 

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