Vestjysk Bank A/S Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for Full Year of Fiscal 2013
For the nine months, the company reported interest income of DKK 1,013,434 against DKK 1,220,265 a year ago. Net interest income was DKK 593,570 against DKK 681,231 a year ago. Loss before tax was DKK 127,691 against DKK 710,136 a year ago. Loss for the period was DKK 127,691 against DKK 898,859 a year ago. Loss per share was DKK 2.1 against DKK 24.5 a year ago. Core income was DKK 916 million against DKK 939 million a year ago. Negative return on equity before tax, annually was 18.8% against of 59.7% a year ago. Negative return on equity after tax, annually was 18.8% against 75.5% a year ago.
For the fiscal year 2013, the company expects core earnings of DKK 550 million before impairment charges.