Investeringsselskabet Luxor A/S Reports Full Year Earnings Results for the Parent Company and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year 2017
Fir the full year on consolidated basis, the company reported total income of DKK 67,717,000 against DKK 59,901,000 a year ago. Profit before tax was DKK 29,071,000 against loss before tax of DKK 10,187,000 a year ago. Net profit for the period was DKK 22,059,000 against net loss for the period of DKK 8,485,000 a year ago. Diluted EPS for A & B shares was DKK 22.1 against diluted LPS of DKK 8.5 a year ago. Cash flows from operating activities were DKK 32,904,000 against DKK 41,637,000 a year ago. Return on equity was 6.21% against loss on equity of 2.21% a year ago. Basic earnings for the financial year increased from DKK 24.1 million in 2015 to DKK 31.1 million in 2016. The improvement is primarily attributable to an increase in net financial income as well as increased capital gains and improvements of losses and fair value adjustment of credit risk on the Group's mortgage deeds.
For the full year on parent basis the company reported, total income of DKK 63,651,000 against DKK 55,522,000 a year ago. Profit before tax was DKK 28,395,000 against loss before tax of DKK 10,711,000 a year ago. Net profit for the period was DKK 22,054,000 against net loss for the period of DKK 8,192,000 a year ago. Diluted EPS for A & B shares was DKK 22.1 against diluted LPS of DKK 8.2 a year ago. Cash flows from operating activities were DKK 30,799,000 against DKK 38,963,000 a year ago.
The company provided earnings guidance for the fiscal year 2017. For the period, basic earnings of approx. DKK 24.0 million are ex-pected. Fair value adjustments and realized losses and gains on bonds, foreign currencies and in-terest swaps are not included in basic earnings and will at 7 December 2016 affect results for the year before tax positively by DKK 4.8 million.