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Vienna Insurance Group with preliminary first half-year profit before taxes 2016 of about EUR 200mn and changed valuation approach and consolidation of non-profit housing societies
Press Wire ♦
Published: August 3, 2016; 16:51 ♦ (Vindobona)
VIG announces preliminary consolidated profit before taxes of about EUR 200mn for the first half-year 2016. Thus, the result is in line with the given earnings outlook for the financial year 2016. Consolidated shareholders' equity will be adjusted due to the change in the valuation method from the currently at-equity consolidated non-profit housing societies.
Vienna Insurance Group with preliminary first half-year profit before taxes 2016 of about EUR 200mn and changed valuation approach and consolidation of non-profit housing societies / Picture: © Vindobona.org
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