Good commercial results surpassed by impairment charges recorded on remaining divestments

(PresseBox) ( Frankfurt, )
The IFRS-based net result reported for the quarter under review came to a net loss of 539 million euros, compared with a net profit of 380 million euros in the previous quarter and 333 million euros in the year-earlier quarter. This means the group has generated a total net loss of 160 million euros for the first six months of 2012, as opposed to a net profit of 1 154 million euros for the corresponding period of 2011.

Excluding all exceptional and non-operating items, KBC ended the second quarter of 2012 with an underlying net profit of 372 million euros, compared with 455 million euros in the previous quarter and 528 million euros in the corresponding quarter of 2011. The underlying results for the first six months of 2012 amounted to 827 million euros, compared to 1 186 million euros for the corresponding period in 2011.
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