Business News

KD Group Posts EUR 1.2M in First Half

Ljubljana, 30 August (STA) - Financial group KD Group posted EUR 1.2m in net profit in the first half of 2010, while it recorded a EUR 12.8m loss in the same period last year. The group's debt compared to the end of 2009 was reduced by EUR 7.9m, according to a report published on Monday.

Operating revenues were down 2% compared to the first half of 2009 to EUR 180.5m. Insurance premiums accounted for 90% of the operating revenues and were down 1% compared to the same period last year.

Revenues from commissions were up 18% to EUR 5.8m, while net revenues from sales of goods and services and other operating revenues were down.

The group's total assets at the end of June stood at EUR 873m, which is 3% more than at the end of 2009. The structure of assets is dominated by financial assets and investments (45%).

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