Investeringsselskabet Luxor A/S
Half-year Report as at 31 March 2014

DGAP-News: Investeringsselskabet Luxor A/S /

12.06.2014 / 09:53

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The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the
Half-year Report as at 31 March 2014. 



Second quarter of the financial year:

  -- Basic earnings for the second quarter of the financial year amount to DKK
     0.6 million (DKK -1.3 million), which is lower than expected. The lower
     basic earnings are primarily attributable to slower normalisation of losses
     and adjustment for credit risk on mortgage deeds.
  -- The Group's results before tax for the second quarter of the financial year
     show a profit of DKK 1.8 million (DKK 2.2 million). The results are
     influenced by positive fair value adjustments of securities of DKK 1.2
     million and negative fair value adjustments of debt to credit institutions
     and mortgage credit loans of DKK 1.6 million.



Half-year 2012/13:

  -- The Group's results before tax for the half-year show a profit of DKK 7.1
     million (DKK 5.5 million).
  -- Basic earnings for the half-year increased from DKK 0.3 million to DKK 3.3
     million. The increase is due to an improvement of losses and fair value
     adjustment of credit risk on mortgage deeds of 3.7 million. On the other
     hand, there has been an increase in expenses relating to investment
     properties of DKK 1.9 million as a consequence of planned maintenance work.
  -- The net asset value per share in circulation is DKK 406.99 (DKK 401.39).
  -- Expected results for the year before tax are maintained at DKK 15.0 - 20.0
     million. The expected results for the year include basic earnings of DKK
     9.0 - 13.0 million against previously DKK 12.0 - 16.0 million.




         Svend Rolf Larsen, CEO
News Source: NASDAQ OMX


End of Corporate News

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Language:    English                          
Company:     Investeringsselskabet Luxor A/S  
 
 
             Denmark                          
ISIN:        DK0010213628                     
 
 
End of News    DGAP News-Service  
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