April 26, 2017 / 5:11 AM / 5 months ago

Handelsbanken Q1 operating profit beats forecast

STOCKHOLM, April 26 (Reuters) - Sweden’s Handelsbanken reported first-quarter operating profit above market expectations on Wednesday as lower-than-expected loan losses boosted results.

Operating profit in the quarter rose to 5.35 billion Swedish crowns ($610 million) compared to a year-ago 4.51 billion, beating a mean forecast of 4.89 billion seen in a Reuters poll of analysts. ($1 = 8.7639 Swedish crowns) (Reporting by Johan Ahlander; editing by Niklas Pollard)

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