SNS reaal books the quarter more profit
AMSTERDAM (Dow Jones/ANP) - SNS reaal has last year booked
a nettowinst of 310 millions euro. That is approximately 28 per
cent more than in the previous exercise and tevens a record.
That becomes clear from annual returns which the financiële
have presented Monday to concern. Both the insurance branch and
the bankdivisie of SNS contributed reaal to the profit increase.
The company has delivered profit expectation for 2005. without
particular mails amounts to the nettowinst 257 millions euro versus
205 millions euro a year rather. This comes by sold
participations and the vrijval concerning the passage to means
remunerations of the pension scheme. The total profits came from
on 3.079 billion euro, an increase of 2.4 percent.
The share of SNS bank in the profit amounted to 155 millions, an
increase of 38.4 percent with respect to a year rather.
At reaal insurance the profit 141 amounted to millions euro, an
increase of 64 per cent in comparison with 2003. The profit
contribution of SNS reaal Invest, end 2004 almost entirely run down,
38 millions euro amounted to.
The participations sold in 2004, 32 millions have contributed
euro to the nettowinst. The company costs decreased with 7.4
percent, particularly by lower staff expenses.
For 2005 SNS reaal gives no concrete judgements concerning the
profit expectation, however, that she strives for ’voortzetting
of used groeilijn.’ increase possibilities see the concern
in further extension in the edge city.
The striving towards increase wants reach SNS by means of both
autonomous increase and niet-autonome increase. For larger
acquisitions SNS meanwhile alternative financing, thus SNS has
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Source "SNS reaal books the quarter more profit": telegraph
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