July 13, 2020 / 5:51 AM / 22 days ago

CORRECTED-Norway's DNB Q2 earnings beat expectations, outlook improving

(Corrects to Q2 from Q1 in the headline)

OSLO, July 13 (Reuters) - Norway’s DNB said the economic outlook as a result of the COVID-19 outbreak is now less uncertain with loan losses lower in the second quarter compared to the first as it reported quarterly profits above expectations on Monday.

Net profit fell to 5.0 billion Norwegian crowns ($532.56 million) for the April-June period from 6.1 billion crowns a year earlier, beating the average forecast of 2.8 billion crowns in a Refinitiv poll of analysts. ($1 = 9.3886 Norwegian crowns) (Reporting by Victoria Klesty)

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