Edition:
United States

Alm. Brand FY pre-tax profit grows to DKK 1.03 billion


Wednesday, 1 Mar 2017 02:29am EST 

Alm. Brand A/S : FY total income 7.49 billion Danish crowns ($1.06 billion) versus 7.60 billion crowns year ago . FY pre-tax profit 1.03 billion crowns versus 645 million crowns year ago . For 2017 expects a pre-tax profit of 450-550 million crowns and a break-even result of bank's winding-up activities . Board of directors recommends distribution of an ordinary dividend of 1.50 crown per share and an extraordinary dividend of 3.50 crowns per share .Initiation of a new share buyback programme of up to 300 million crowns.