The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Interim Report as at 30 June 2015.
Third quarter of the financial year:
- Basic earnings amount to DKK 6.8 million (DKK 4.9 million), which is DKK 1.9 million higher than expected. The improvement is primarily attributable to an increase in net financial income of DKK 3.0 million offset by an increase in net loss/gain on mortgage deeds of DKK 0.9 million. In comparison, basic earnings for the first and second quarters of the financial year amounted to DKK 10.8 million.
- The Group’s results before tax show a profit of DKK 10.4 million (DKK 11.6 million). The results are influenced by realised gains on bonds of DKK 5.3 million and negative net fair value adjustments of bonds and debt of approx. DKK 1.7 million. In comparison, results before tax for the first and second quarters of the financial year showed a loss of DKK 4.6 million.
Interim period Q1-Q3 2014/15:
- Basic earnings for the period increased from DKK 8.2 million to DKK 17.5 million. The increase is primarily attributable to an increase in net financial income of DKK 9.3 million.
- The Group’s results before tax for the period show a profit of DKK 5.8 million (DKK 18.7 million).
- The net asset value per share in circulation is DKK 367.24 (DKK 416.04) after distribution of DKK 50.00 per share.
Expected profit for the year 2014/15
- Expected basic earnings are adjusted to DKK 20.0 to DKK 23.0 million compared with previously DKK 17.0 to DKK 21.0 million. The expected profit for the year before tax is adjusted to the range of DKK -5.0 to DKK -12.0 million compared with previously DKK 5.0 to DKK 9.0 million as a consequence of negative fair value adjustments of bonds after the end of the quarter.
Svend Rolf Larsen, CEO Jannik Rolf Larsen, Manager
