Source: Investeringsselskabet Luxor A/S
The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Interim Report as at 31 December 2012.
The Group’s results before tax for the first quarter of the financial year show a profit of DKK 2.5 million (DKK -13.6 million). After tax the Group’s profit amounts to DKK 1.9 million (DKK -10.1 million).
The results for the period are influenced by negative net fair value adjustments and realised gains on securities of DKK -0.9 million (DKK -9.6 million) as well as negative fair value adjustments of debt to credit institutions, mortgage debt and interest swaps of DKK 0.4 million (DKK 0.7 million).
Basic earnings for the period decreased from DKK 2.5 million to DKK 1.6 million. The reduction is primarily due to lower net interest on bonds as well as higher losses and provision to cover credit risk on mortgage deeds.
The net asset value per share in circulation is DKK 399.19 (DKK 386.16).
The expected results for the year before tax are maintained at an unchanged DKK 15.0 - 17.0 million. The expected results for the year include basic earnings of DKK 12.0 - 14.0 million against previously DKK 15.0 - 17.0 million.
Svend Rolf Larsen, CEO
Investeringsselskabet Luxor A/S