Czech Komercni H1 net CZK 5.28 bln, above fcasts

03.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Komercni Banka , the only listed Czech lender, posted a faster-than-expected 9.3 percent year-on-year rise in first-half net profits on Friday, ...

...benefiting from lending growth in the booming economy.

Societe Generale's Czech unit reported net profit of 5.28 billion crowns ($258.3 million) for January-June, beating the average estimate of a 5 percent increase to 5.03 billion crowns in a Reuters poll of nine analysts.

The third biggest Czech lender by total assets said revenue grew by a higher-than-expected 11.3 percent to 14.41 billion crowns, ahead of analysts' estimate of an 8 percent rise to 13.96 billion crowns.

[PRAGUE/Reuters/Finance.cz]

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