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BRIEF-Banknordik Q1 Pre-tax profit up to DKK 57 Million
May 2, 2017 / 6:15 AM / 7 months ago

BRIEF-Banknordik Q1 Pre-tax profit up to DKK 57 Million

May 2 (Reuters) - BANKNORDIK P/F:

* NET INTEREST INCOME WAS DOWN BY DKK 15M YEAR-ON-YEAR

* MANAGEMENT RECONFIRMS FY2017 GUIDANCE OF PROFIT BEFORE IMPAIRMENT CHARGES, VALUE ADJUSTMENTS AND TAX IN RANGE OF DKK 150-190M (Q1 2017: DKK 43M)

* IMPAIRMENT CHARGES ON LOANS FOR 2017 ARE EXPECTED TO BE LESS THAN DKK 20M (Q1 2017: DKK 0M)

* OPERATING COSTS WERE DOWN BY DKK 1M TO DKK 116M.

* Q1 PRE-TAX PROFIT DKK 57 MILLION VERSUS DKK 25 MILLION YEAR AGO

* Q1 LOAN LOSSES DKK 0 MILLION VERSUS REVERSAL OF LOAN LOSSES DKK 1 MILLION YEAR AGO Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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