Komercni aims at 10 pct recurring profit rise -CEO

...first half, Chief Executive Laurent Goutard said on Friday.

"Our target is to continue in the same trend as we did in the last quarter and maintain recurring profit growth at around 10 percent (in coming years)," he told a news conference following the first-half earnings release.

Recurring profit excludes one-off items such as costs related to last year's acquisition of a building society and this year's revaluation of its assets. First-half net profit after minority interests rose 9.3 percent to 5.28 billion crowns ($258.3 million).

Goutard said Komercni, the Czech unit of France's Societe Generale , also sought to expand its mortgage credit market share to 25 percent within about two years from 20 percent now, but added this was not a fixed target.

[PRAGUE/Reuters/Finance.cz]