Nordic Business Report-August 28, 2006-Iceland's Samson Holdings' 1H net earnings triple to ISK12.2bn
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Iceland's Samson Holdings announced on Friday (25 August) that its net earnings for the first six months of 2006 amounted to ISK12,184m (EUR136m) according to the income statement.
Samson's profit amounted to ISK3,766m (EUR42m) for the same period in 2005.
Stockholders' equity at 30 June 2006 amounted to ISK26,562m according to the balance sheet.
If the investment in Landsbanki Islands hf. had been valued at market value at period-end the company's net equity would have amounted to ISK55,687m, taking into consideration the tax effect on the difference, Samson said.
Samson Holdings is an investment company. Its purpose is general investment activities and related operations. The purpose of the company was changed on 29 June 2006, since it was previously limited to shareholding in Landsbanki Islands hf. and operation and handling connected to the ownership, Samson said.
One Icelandic krona (ISK) is worth approximately 0.007 British pounds (GBP).
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