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Hypo Alpe Adria with First Profit since 2007
The Austrian bank returned to black figures after four years. A half-year profit of € 90.8m was achieved despite risk provisions of € 134.9m.
Hypo Alpe Adria with First Profit since 2007 / Picture: © Hypo Alpe-Adria-Bank International AG
In the period from January to June 2011, Hypo Group Alpe Adria recorded positive results for the first time since 2007. The operating result improved from a loss of € 454.2m in the first half of 2010 to a profit of € 90.8m. Consolidated profit after taxes and minority interests amounted to € 71.6m, after € -498.9m in the reference period 2010. Risk provisions were reduced…
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