Danish bank, Sydbank collapse in the stock market


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Tuesday, 16 August 2011
Denmark's third largest bank, Sydbank, fell by 9 percent on the Copenhagen Stock Exchange on Tuesday after an unexpectedly weak report for the second quarter.


Profit before tax stood at Dkr 6 million, compared with an average forecast of Dkr206 million. Sydbank commission income for the quarter fell by 28 percent to Dkr235 million, while investment activity was back to Dkr62 million.
By Team

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