February 5, 2020 / 6:20 AM / 13 days ago

Handelsbanken Q4 earnings beat expectations

Feb 5 (Reuters) - Sweden’s Handelsbanken reported fourth-quarter net earnings above market expectations on Wednesday, boosted by favourable trading conditions and lower than antipicated costs.

Net profit rose to 4.38 billion Swedish crowns ($457 mln) from a year-ago 4.02 billion to beat an analysts’ mean forecast of 3.91 billion, according to Refinitiv data.

The bank proposed a dividend of 5.5 crowns per share for 2019, unchanged from 2018 and slightly lower than the mean analyst forecast of 5.68 crowns. ($1 = 9.5850 Swedish crowns) (Reporting by Colm Fulton)

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