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Topdanmark raises 2009 outlook

Tue May 19, 2009 6:18am EDT

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COPENHAGEN, May 19 (Reuters) - Denmark's second biggest insurer, Topdanmark (TOP.CO), said on Tuesday it had raised its full-year profit guidance.

Topdanmark on May 5 opened the books on its first-quarter numbers ahead of schedule and repeated an outlook for full-year net profits of between 875 million and 975 million Danish crowns ($177.5 million) [nL5954495].

"Since this most recent announcement, the 2009 post-tax profit forecast model has been upgraded by 25 million to 900 million crowns - 1,000 million crowns," the firm said in a statement on Tuesday. ($1=5.494 Danish Crown) (Editing by Hans Peters)



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