Friday, April 27, 2007

BRE Bank First-Quarter Net More Than Doubles to $80 Million on Asset Sale

(Bloomberg) -- BRE Bank SA, the Polish unit of Commerzbank AG, said first-quarter profit more than doubled after it sold an asset-management unit.

Net income surged to 222.7 million zloty ($80 million) from 78.9 million zloty a year earlier, the Warsaw-based company said today in a regulatory statement. That beat the 204 million zloty median estimate of seven analysts surveyed by Bloomberg.


Read more at Bloomberg Emerging Markets News

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