March 1, 2017 / 7:39 AM / 5 months ago

BRIEF-Sydbank Q4 pre-tax profit 560 million Danish crowns, above estimates

1 Min Read

March 1 (Reuters) - Sydbank A/S:

* Q4 pre-tax profit 560 million Danish crowns ($80 million)(Reuters poll 449 million crowns)

* Proposed dividend of 10.46 crowns per share.

* 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.

* Impairment charges for 2017 are forecast to be on a par with impairment charges recorded for 2016.

* As a result of intensified digitization of bank as well as establishment of a new mortgage platform non-recurring costs are expected to represent around 75 million crowns in 2017 Source text for Eikon: Link to Reuters poll:

Further company coverage: ($1 = 7.0500 Danish crowns) (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below