The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Half-year Report as at 31 March 2019.
Second quarter 2018/19:
- Basic earnings amount to DKK 7.9 million (DKK 4.2 million).
- The Group’s profit before tax amounts to DKK 3.2 million (DKK 6.5 million).
Profit before tax for the quarter is DKK 4.7 million lower than basic earnings, primarily due to fair value adjustments of interest swaps.
·The Group’s profit after tax amounts to DKK 2.5 million (DKK 5.0 million).
Half-year 2018/19:
- Basic earnings for the half-year amount to DKK 15.9 million (DKK 9.2 million).
- The Group’s profit before tax for the half-year amounts to DKK 8.4 million (DKK 9.4 million).
For the half-year, results before tax are negatively affected by fair value adjustments of interest swaps and financial assets of DKK 7.5 million; similarly, results before tax for the half-year 2017/18 were positively affected by DKK 0.2 million. Adjusted for these items, profit before tax amounts to DKK 15.9 million for the half-year 2018/19 compared to DKK 9.2 million for the half-year 2017/18.
Expected basic earnings 2018/19:
- At present, basic earnings of approx. DKK 28 million are expected for the financial year 2018/19, which is in accordance with the most recent announcement made in Company Announcement No 4, 2018/19 of 22 February 2019.
- Fair value adjustments of interest swaps and financial assets are not included in basic earnings and will from the beginning of the financial year until 16 May 2019 affect results for the year before tax by DKK -9.0 million. The amount is distributed with DKK -7.5 million for the half-year and
DKK -1.5 million for the period 1 April - 16 May 2019.
For additional information concerning this Half-year Report, please contact Jannik Rolf Larsen, CEO
(tel: +45 3332 5015).
Attachment
