CPSE:KREBanks
Kreditbanken (CPSE:KRE) Stock Leans On 41% Margin As Growth Stalls
Kreditbanken entered this earnings day with a strong equity story in the bank sector. The stock closed at DKK9,750 on 20 August after a solid run over the past quarter, and the fresh Q2 numbers show that the real action is in the income statement, not the chart.
The headline is profitability. Net income for Q2 came in at DKK40.5 million on revenue of DKK101.6 million, while trailing 12 month net profit margin sits at 41%. For a stock trading on a trailing P/E of 11.1x, that combination of...