Danish CSD, VP, Achieves Record Profits With 192.6 Million DKK In 2006

VP, the Danish CSD, achieved a profit of 192.6 million in 2006 against 112.8 in 2005. Besides an income of 41.3 million DKK from the sale of VP's property, the improvement is due to an increase in the net turnover

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VP, the Danish CSD, achieved a profit of 192.6 million in 2006 against 112.8 in 2005.

Besides an income of 41.3 million DKK from the sale of VP’s property, the improvement is due to an increase in the net turnover due to a growth of activities in the securities market, the acquisition of new register of shareholders activities and growth in several of VP’s new product areas, says the company.

“The profit of 192.6 million before tax is satisfactory and proves that VP succeeded in aiming at new business areas and internationalisation concurrently with the historic activities still being developed,” says Chairman of VP, Sven E. Lystbk, Member of the Executive Board, Danske Bank.

“It is a declared goal of VP that new business areas shall constitute a greater part of the turnover and that we continue to improve over historic activities within book entry, clearing and settlement etc.,” says VP’s President and CEO, Johannes Luef.

“We will continue to increase our activities with new services both in Denmark and internationally and especially to share issuers and unit trusts. VP’s competence and long experience in book entry, clearing and settlement constitute a unique foundation for developing new products of high quality,” Johannes Luef adds.

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