Swiss Reinsurance Posts 1st Half Profit
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Swiss Reinsurance Co., the world's second-largest reinsurance company, posted a first-half net profit on Thursday of 1.4 billion Swiss francs (&#36;1.1 billion), more than double its earnings for the same period last year.
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Credit Suisse says first-quarter profit will be $1bn less than forecast after a write-down.
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Munich Re, the world's largest reinsurer, swung to a roughly 1.8 billion euros (&#36;2.33 billion) net profit last year after a 400 million euro loss in 2003 and will raise its dividend, the company said in a preliminary report Tuesday.
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BERN, Switzerland -- Swisscom posted a 0.7% increase in revenue to CHF 7.53 billion for the first three quarters of 2004. Operating income before interest, tax, depreciation and amortisation (EBITDA) decreased year-on-year by 3.5% to CHF 3.4 billion.
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French cosmetics giant L'Oreal has posted first half net profits of 1.087 billion euros (1.39 billion dollars) and forecast growth in earnings of at least 10 percent for the whole of the year.
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SunTrust Banks Inc. STI.N, which  fired three executives over its accounting for bad loans, on  Friday restated first-half profit higher by $25.1 million,  slightly more than it had forecast, to fix the errors.
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Memory maker announces first half-yearly profit, too
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The used-car dealer produces better-than-expected results for the first quarter.
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Sberbank, the country's largest savings bank, said Tuesday its first-half profit rose 4.2 percent and the bank's loan book increased 60 percent to exceed 1 trillion rubles ($34.2 billion). First-half net income ...
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Zurich Financial Services AG, Switzerland s biggest insurer, had its first quarterly profit decline in two years amid costs from the worst U.S. hurricane season in more than a century.
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Swiss Re, the world's largest reinsurance group, reported on Thursday record net profits of 4.6 billion Swiss francs (2.88 billion euros, 3.80 billion dollars) for 2006, up 98 percent from the previous year.
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Corus, the Anglo-Dutch steel maker, celebrated its first ever profit yesterday and said its UK plants had contributed to the turnaround.
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Troubled airline Swiss International makes a profit in its third quarter, the first since its creation two years ago.
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Pharmaceutical group Sanofi-Synthelabo said it had increased net profit in the first half of the year by 20.6 percent from the same period last year to 1.138 billion euros (1.38 billion dollars).
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First-half earnings at Xstrata Plc   rose 42 percent on higher commodity prices, a stronger  dollar and efficiency gains, the Swiss-based company said on  Wednesday.
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Telekom Austria AG has posted better than expected financial results for the first half of the year, scarcely one week after merger talks with Swisscom AG broke down.
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Zurich Financial Services AG, Switzerland s biggest insurer, said first-half profit almost doubled as higher stock markets resulted in lower reserve additions and investment writedowns.