Scandinavian Private Equity A/S Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended July 31, 2015; Announces Extraordinary Dividend, Payable on 6 October 2015
For the six months, income from investment activities was DKK 79.084 million against DKK 50.688 million a year ago. Operating profit (EBIT) was DKK 76.342 million against DKK 46.790 million a year ago. Profit before tax was DKK 76.484 million against DKK 46.408 million a year ago. Total comprehensive income was DKK 76.340 million against DKK 46.408 million a year ago. Cash flows from operating activities was negative at DKK 2.526 million against DKK 1.265 million a year ago. Earnings per share, diluted was DKK 1,756 against DKK 1,042 a year ago. Book value per share, diluted was DKK 16,694 against DKK 19,472 a year ago. Return on equity was 9.8% against 5.0% a year ago.
The company announced that the company has resolved to distribute extraordinary dividend of DKK 2,000 per share, equal to a total of DKK 86.7 million excluding dividend on treasury shares. Dividend will be distributed on October 6, 2015, and the SPEAS share will be traded excluding dividend as from October 2, 2015.