Scandinavian Private Equity A/S announced unaudited earnings results for the third quarter and nine months ended October 31, 2015. For the quarter, the company reported income from investment activities of DKK 939,000 compared to DKK 4,480,000 a year ago. Operating loss was DKK 2,321,000 compared to operating profit of DKK 43,210,000 a year ago. Diluted loss per share for the period was DKK 88 compared to diluted earnings per share for the period of DKK 968 per share a year ago. Loss before tax was DKK 3,659,000 compared to profit before tax of DKK 42,603,000 a year ago. Total comprehensive loss was DKK 3,799,000 compared to total comprehensive income of DKK 42,603,000 a year ago. Cash flows used in operating activities was DKK 1,987,000 compared to DKK 2,373,000 a year ago. Loss was DKK 3,799,000 compared to profit of DKK 42,603,000 a year ago. Negative return on private equity funds was 0.1% against return on private equity funds of 5.9% a year ago. Negative return on equity was 0.6% against return on equity of 5.0% a year ago.

For the nine months, the company reported income from investment activities of DKK 78,145,000 compared to DKK 95,168,000 a year ago. Operating profit was DKK 74,021,000 compared to DKK 90,000,000 a year ago. Diluted earnings per share for the period were DKK 1,670 compared to diluted earnings per share for the period of DKK 2,006 per share a year ago. Profit before tax was DKK 72,825,000 compared to DKK 89,011,000 a year ago. Total comprehensive income was DKK 72,541,000 compared to DKK 89,011,000 a year ago. Cash flows used in operating activities was DKK 4,683,000 compared to DKK 3,638,000 a year ago. Diluted book value per share was DKK 14,607 as on October 31, 2015 against DKK 18,958 as on October 31, 2015. Profit was DKK 72,541,000 compared to DKK 89,011,000 a year ago. Return on private equity funds was 11.0% against 12.8% a year ago. Return on equity was 9.8% against 9.8% a year ago.