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Uniqa´s Net Income Expected to Triple

Published: August 28, 2012; 18:48 · (Vindobona)

According to German Berenberg Bank, the Austrian insurance group should increase net income to € 22m from € 7m in the second quarter of 2012.

Uniqa´s Net Income Expected to Triple / Picture: © Uniqa

Uniqa is expected to record a substantial improvement of its net income. Due to the Greek sovereign bond impairment losses in the second quarter of 2011, profits will increase substantially. According to the analyst, the restructuring measures should be successful. Moreover, the CEE exposure would offer good growth prospekcts, Berenberg Bank says.

This article includes a total of 53 words.

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AT0000821103