A/S Øresund reported unaudited consolidated financial results for the second quarter and first six months to June 30, 2016. For the quarter, the company reported LBIT of DKK 49.2 million, loss before tax of DKK 394.1 million and loss after tax of DKK 307.4 million on revenue of DKK 24.7 million against LBIT of DKK 2 million, profit before tax of DKK 1,313.2 million and profit after tax of DKK 1,024.3 million on revenue of DKK 26.6 million for the same period of last year.

For the six months, the company reported LBIT of DKK 91.1 million, loss before tax of DKK 1,004.5 million and loss after tax of DKK 783.5 million on revenue of DKK 49.5 million against EBIT of DKK 0.5 million, profit before tax of DKK 527.6 million and profit after tax of DKK 411.5 million on revenue of DKK 53.1 million for the same period of last year. Total cash flow from operating activities was DKK 34.1 million against outflow of DKK 49.7 million for the same period of last year. Purchase of facility was DKK 2.5 million against DKK 0.2 million for the same period of last year. Cash flow from operating and investing activities (free cash flow) resulted in a net rise in liquidity of DKK 32 million. Cash flow from financing activities has resulted in a fall in liquidity of DKK 78 million whereby the Group's cash at bank and in hand for the period saw a net fall of DKK 46 million. Interest bearing net debt totals DKK 11.0 billion at the end of June.

For fiscal 2016, the company announced that the guidance for the result before financial value adjustments and tax has been adjusted up-wards by DKK 70 to DKK 90 million to a profit in the region of DKK 0 to DKK 20 million.