Skælskør Bank Aktieselskab
Interim report for the period 1 January – 30 September 2008
Skælskør Bank Aktieselskab / Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The Supervisory and Executive Boards have today approved the interim financial report of Group Skælskør Bank for the period 1 January - 30 September 2008. Profit for the period 1 January - 30 September 2008 Profit before tax amounts to DKK 17.1m against DKK 44.0m last year, which primarily attributable to a decrease in translation/market value adjustments Net interest and fee income increased from DKK 98.5m to DKK 103.5m, corresponding to an increase of 5.1% Core earnings before impairment losses on loans and receivables amount to DKK 36.2m against DKK 31.0m for the same period last year Translation/market value adjustment of securities amounts to a negative 2.6m against a positive DKK 21.4m for the same period last year Staff costs and administrative expenses amount to DKK 71.2m, constituting an increase of 6% on the same period last year Impairment losses on loans, advances and receivables, etc amount to DKK 16.5m against DKK 8.4m in the same period last year Expected pre-tax profit between DKK 20m and DKK 25m. News Source: NASDAQ OMX 27.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Skælskør Bank Aktieselskab Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010309491 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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