Copenhagen, 2012-01-12 15:46 CET (GLOBE NEWSWIRE) -- The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Full-year Report as at 30 September 2011.
- The Group’s results before tax for the financial year show a profit of DKK 20.6 million (DKK 71.2 million). After tax the Group’s results show a profit of DKK 17.6 million (DKK 53.2 million).
- The results are influenced by positive fair value adjustments and realised losses on securities of DKK -3.6 million (DKK 87.6 million) as well as positive fair value adjustments of debt to credit institutions, mortgage debt and interest swaps as a consequence of higher market rates of DKK 3.2 million (DKK -50.7 million).
- The Group’s results before tax for the fourth quarter of the financial year show a loss of DKK 42.7 million (DKK 18.9 million). After tax the Group’s results show a loss of DKK 34.5 million (DKK 13.0 million). The results are significantly affected by negative fair value adjustments of bonds etc.
- Basic earnings have decreased from DKK 25.9 million to DKK 16.5 million in the financial year. The decrease is primarily due to lower net interest on and exchange adjustments of mortgage deeds and bonds.
- The net asset value per share in circulation is DKK 396.23 (DKK 378.60).
- For the financial year 2011/12, basic earnings in the range of DKK 18.0 - 22.0 million are expected. As a consequence of a negative securities market etc, a total profit before tax in the range of DKK 5.0 - 10.0 million is expected.
Svend Rolf Larsen, CEO
