May 3, 2017 / 6:49 AM / 4 months ago

BRIEF-Sydbank Q1 pre-tax profit DKK 574 million, above expectations

May 3 (Reuters) - SYDBANK A/S

* IMPAIRMENT CHARGES IN 2017 ARE FORECAST TO BE ON A PAR WITH IMPAIRMENT CHARGES RECORDED IN 2016

* LIMITED GROWTH IS PROJECTED FOR DANISH ECONOMY IN 2017.

* Q1 TOTAL CORE INCOME DKK 1.05 BILLION (REUTERS POLL DKK 1.10 BILLION)

* Q1 CORE EARNINGS DKK 444 MILLION (REUTERS POLL DKK 407 MILLION)

* Q1 PRE-TAX PROFIT DKK 574 MILLION (REUTERS POLL DKK 432 MILLION)

* ‍BASED ON LEVEL OF INTEREST RATES AT BEGINNING OF 2017, CORE INCOME IS EXPECTED TO BE ON A PAR WITH CORE INCOME GENERATED IN 2016​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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