Investeringsselskabet Luxor A/S
Half-year Report as at 31 March 2011
Investeringsselskabet Luxor A/S 07.06.2011 10:02 --------------------------------------------------------------------------- The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Half-year Report as at 31 March 2011. -- The Group's profit before tax for the half-year amounts to DKK 67.1 million (DKK 66.6 million). After tax the Group's profit amounts to DKK 55.5 million (DKK 50.8 million). -- The Group's profit before tax for the second quarter of the financial year amounts to DKK 30.6 million (DKK 25.9 million). After tax the Group's profit amounts to DKK 24.0 million (DKK 20.1 million). -- The results for the half-year are influenced by positive net fair value adjustments and realised losses on securities of DKK 36.4 million (DKK 84.0 million) as well as positive net fair value adjustments and exchange adjustments of debt to credit institutions, mortgage debt and interest swaps of DKK 13.5 million (DKK -31.7 million). -- Basic earnings for the half-year have decreased from DKK 15.9 million to DKK 10.9 million. The decrease is primarily due to lower net interest on and fair value adjustments of mortgage deeds and bonds. -- Basic earnings in the second quarter of the financial year amount to DKK 6.8 million (DKK 7.1 million). -- The net asset value per share in circulation is DKK 434.11 (DKK 376.13). -- As a consequence of a negative securities market etc after the end of the quarter, the expected profit for the year before tax is adjusted from the range of DKK 70 - 80 million to the range of DKK 65 - 75 million. The expected profit for the year includes basic earnings of DKK 20 - 25 million against previously DKK 25 - 30 million. Svend Rolf Larsen, CEO News Source: NASDAQ OMX 07.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Investeringsselskabet Luxor A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010213628 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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