The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Interim Report as at 31 December 2011.
- The Group’s results before tax for the first quarter of the financial year show a loss of DKK 13.6 million (DKK 36.5 million). After tax the Group’s results show a loss of DKK 10.1 million (DKK 31.5 million).
- The results are influenced by negative fair value adjustments and realised losses on securities of DKK -9.6 million (DKK 38.4 million) as well as negative fair value adjustments of debt to credit institutions, mortgage debt and interest swaps of DKK 0.7 million (DKK 11.6 million).
- Basic earnings decreased from DKK 4.1 million to DKK 2.5 million in the financial period. 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 386.16 (DKK 410.11).
- Profit for the year before tax is expected unchanged in the range of DKK 5.0 - 10.0 million. The expected profit for the year includes basic earnings of an unchanged DKK 18 - 22 million.
Svend Rolf Larsen, CEO
