Alm. Brand Pantebreve A/S
Interim Report H1 – 2010

Alm. Brand Pantebreve A/S / 

16.08.2010 14:48

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Highlights of the attached interim report for the first half of 2010 of Alm.
Brand Pantebreve A/S: 
* Alm. Brand Pantebreve A/S posted a loss of DKK 46.5 million in H1 2010,
against a loss of DKK 22.3 million in the same period of last year. 
* The performance was attributable to the adverse economic trends that led to
recognition of greater losses than expected and necessitated further
writedowns, particularly on Danish mortgage deeds. 
* The performance was lifted by an unrealised gain on the mortgage deed
portfolio, which was primarily due to a fall in interest rates and an
unrealised foreign exchange gain on the hedging of Swedish kroner. 
* Shareholders' equity stood at DKK 36.7 million at 30 June 2010, against DKK
83.2 million at 31 December 2009. The net asset value per share was DKK 22 at
30 June 2010, against DKK 50 at 31 December 2009. 
* The company lowers its guidance from a full-year loss of DKK 60-70 million to
a loss of around DKK 80 million. If the performance materialises as expected,
the company's equity will only amount to DKK 5 million. 
Please direct any questions regarding the announcement to Søren Boe Mortensen,
Chairman, or Bo Chr. Alberg, Chief Executive, on tel. +45 35 47 70 14. 

Alm. Brand Pantebreve A/S

Søren Boe Mortensen	
Chairman

News Source: NASDAQ OMX



16.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Alm. Brand Pantebreve A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010136969
WKN:          
 
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