Sparbank's profit before tax was DKK 136.3m against DKK 111.4m in H1 2006. This result corresponds to a return on equity of 17.5%. Core earnings - the result of the actual banking operations - fell from DKK 107.4m in H1 2006 to DKK 102.6m in H1 2007. The outlook for FY 2007 as a whole is growth in banking operations relative to 2006. Total market value adjustments are expected to be lower than in 2006, which among other things saw income of an extraordinary nature from the sale of shares in Totalkredit. The bank still expects a profit before tax for 2007 of DKK 180-200m.