Komercni Q1 profit rise slightly above forecasts

11.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Komercni Banka , the only Czech listed lender, reported a slightly higher-than-expected 3.4 percent year-on-year rise in first-quarter net...

...profit to 2.50 billion crowns ($119.2 million) on Friday.

Six analysts in a Reuters survey had forecast on average that net profit at the Czech unit of France's Societe Generale would rise 2.2 percent to 2.46 billion crowns on buoyant loan growth in the booming economy.

Komercni said in a filing with the Prague Stock Exchange that revenue grew 8.2 percent in January-March to 6.85 billion crowns, slightly below the average expectation of 6.95 billion.

[PRAGUE/Reuters/Finance.cz]

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