The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Interim Report as at 31 December 2013.
First quarter of the financial year:
- The Group’s results before tax for the first quarter of the financial year show a profit of DKK 4.7 million (DKK 2.5 million) and after tax a profit of DKK 3.5 million (DKK 1.9 million). The results are better than assumed in the announcement of 20 December 2013, primarily as a consequence of positive fair value adjustments of securities.
- Basic earnings for the period increased from DKK 1.6 million to DKK 2.7 million, which is in line with expectations. The increased basic earnings include an improvement of losses and fair value adjustment of credit risk on mortgage deeds of DKK 1.8 million and increased expenses relating to investments properties of DKK 0.8 million as a consequence of planned maintenance work.
- The net asset value per share in circulation is DKK 411.15 (DKK 399.19).
- The expected results for the year before tax are adjusted upwards to DKK 15.0 - 20.0 million against previously DKK 12.0 - 17.0 million. The expected profit for the year includes basic earnings of an unchanged DKK 12.0 - 16.0 million.
Svend Rolf Larsen, CEO
