Danske Bank Posts Surge In Q1 Profit

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Danske Bank A/S (ADR)DNSKY
reported a 73 percent jump in its net profit for the first quarter. The bank's quarterly net profit surged to 4.83 billion Danish kroner ($713.8 million), compared to DKK2.79 billion, in the year-ago quarter. Its net interest income rose to DKK8.39 billion, versus. Trading income gained to DKK11.44 billion, compared to DKK2.36 billion. Loan impairment charges shrank to DKK366 from DKK944 million.
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