Mediobanca closed the third
quarter of 2016 with a 11% rise in net profit to 270.7 million
euros, according to a company statement released on Friday.
This was the best quarterly result since 2008, the credit
institute said.
The increase in net profit reflected a 16% growth in gross
operating profit driven by the increase in revenues from banking
operations and the lower cost of risk in all business lines, the
statement said.
Consolidated revenues rose by 4% in the three months to
September to reach 526 million euros.
Gains on disposals totalled 112 million euros and referred
mainly to the disposal of approximately half the stake in
Atlantia.
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