Fortis insurance profit up by 20%
Fortis’ insurance business has reported a 20% increase in its net operating profit to EUR 766m in the first half-year of 2004, in comparison with the same period last year.
The group’s net operating profit almost tripled, from EUR 683m to EUR 1,829m. Value adjustments on the equity portfolio contributed EUR 271 million, compared with a loss of EUR 740m last year.In
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