Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Fortis Q1 net profit down 31%

Fortis has reported a net profit of E808 million for the first quarter of 2008, a decrease of 31% compared with a net profit of E1.17 billion for the same quarter of 2007.

For the quarter, the company reported E721 million net profit from banking segment, down 20% compared to E903 million for the same period of 2007. Retail banking net profit for the quarter increased 4% to E270 million compared with E260 million for the same period of 2007.

Total income from banking segment was E3.18 billion, up 17% from E2.72 billion for the corresponding period of 2007.

Net profit from insurance segment totaled E219 million in the first quarter of 2008, down 38% from E352 million for the corresponding period of 2007.