Interim Report
for Q1-Q3
The Supervisory Board of Investeringsselskabet Luxor A/S has today adopted the Interim Report as at 30 June 2014.
Third quarter of the financial year:
- Basic earnings for the third quarter of the financial year amount to DKK 4.9 million (DKK 2.3 million), which is in line with expectations.
- The Group’s results before tax for the third quarter of the financial year show a profit of DKK 11.6 million (DKK 0.5 million). The results are influenced by positive fair value adjustments of securities of DKK 5.0 million, gain on sale of property held for sale, DKK 3.8 million, and negative fair value adjustments of debt to credit institutions and mortgage credit loans of DKK 2.2 million.
Interim period Q1-Q3 2013/14:
- The Group’s results before tax for the period show a profit of DKK 18.7 million (DKK 6.0 million).
- Basic earnings for the period increased from DKK 2.5 million to DKK 8.2 million. The increase is due to an improvement of losses and fair value adjustment of credit risk on mortgage deeds of DKK 4.1 million and an increase in financial income of DKK 3.3 million. On the other hand, there has been an increase in expenses relating to investment properties of DKK 2.1 million as a consequence of planned maintenance work.
- The net asset value per share in circulation is DKK 416.04 (DKK 401.53).
Expected results for the year 2013/14
- Expected results for the year before tax are maintained at DKK 15.0 - 20.0 million. The expected results for the year include basic earnings of an unchanged DKK 9.0 - 13.0 million.
This Interim Report includes:
- Financial Highlights of the Group
- Interim Report
- Management’s Statement
- Consolidated Statement of Comprehensive Income for the Period 1 October 2013 -
30 June 2014
- Consolidated Balance Sheet at 30 June 2014
- Statement of Changes in Equity
- Cash Flow Statement
- Segment Information
- Significant Notes
For additional information concerning this Interim Report, please contact the undersigned.
Yours faithfully
Investeringsselskabet Luxor A/S
Svend Rolf Larsen
CEO
