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Denmark's Jyske Bank Q1 profit misses forecast
April 30, 2014 / 6:22 AM / 3 years ago

Denmark's Jyske Bank Q1 profit misses forecast

COPENHAGEN, April 30 (Reuters) - Jyske Bank, Denmark’s second-biggest bank by market capitalisation, missed first-quarter pretax profit forecasts due to falling revenues and higher writedowns on loan.

The bank said on Wednesday pretax profit dropped 25 percent to 418 million Danish crowns ($77.4 million), far short of analysts’ forecast of 763 million crowns.

It did not give an outlook for the full financial year.

$1 = 5.4020 Danish Crowns Reporting by Copenhagen newsroom; Editing by Mark Potter

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