May 9, 2018 / 6:48 AM / in 2 months

Weak Swedish crown hits Sampo's mark-to-market results

HELSINKI, May 9 (Reuters) - Nordic financial holding company Sampo, the largest shareholder in Nordea Bank , reported on Wednesday a sharp drop in its mark-to-market results due to a devalued Swedish crown and weak investment markets.

Total comprehensive income, which takes changes in the market value of assets into account, fell to 108 million euros ($127 million) from 557 million euros a year earlier.

However, pretax profit rose 4 percent from a year ago to 445 million euros as operative results from Sampo’s property and casualty business If remained strong.

$1 = 0.8448 euros Reporting by Jussi Rosendahl; Editing by Simon Johnson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below