Market Overview

Handelsbanken Posts Upbeat Q1 Profit

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Svenska Handelsbanken AB (OTC: SVNLY) reported a gain in its first-quarter net profit.

Svenska Handelsbanken's quarterly net profit surged to SEK3.47 billion, versus SEK3.27 billion, in the year-ago period. However, analysts were expecting a profit of SEK3.24 billion.

Its net interest income declined to SEK6.54 billion from SEK6.56 billion, while taxes dropped to SEK885 million from SEK1.24 billion.

Svenska Handelsbanken shares closed at $20.61 yesterday.

Posted-In: profitEarnings News

 

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