Mediolanum closes the first semester with a consolidated net income of 199,5 million, down 8% compared to the same period of 2012, "which benefited from an extraordinary recovery in value of investments at fair value, for over 53 million net of taxes", explains the company in a note. On the other hand, total assets under management and administration amounted to 53,5 billion, up by 9% compared to 30 June 2012 and by 4% compared to the balance at the beginning of the year.
In Piazza Affari, the Mediolanum stock gained just under two points at the beginning of the afternoon, benefiting like all the stocks in the Berlusconi galaxy from expectations for the sentence of the Cassation on the Mediaset trial.
The company specifies in a note that the net profit of the domestic market fell by 10%, to 188,2 million. On the other hand, on foreign markets net profit grew by 52%, to 11,3 million, and assets under management stood at 2,491 billion (+24% compared to 30 June 2012 and +11% since the beginning of the year ).
In detail, Banca Mediolanum recorded a net collection positive for 1,2 billion. Fundraising and management reached 2,5 billion, exceeding the annual record set in 2012 in six months. The total number of customers was over one million and that of financial advisors amounted to 4.367 people. Current and deposit accounts at the end of June amounted to 711 thousand (+5%).
Banca Esperia instead recorded a net profit of 7,2 million (of which 3,6 pertaining to Mediolanum), an improvement of 87%. Assets under management amounted to 14,3 billion (+8%). With reference to foreign markets, net profit was 11,3 million (+52%) and assets under administration 2,4 million (+24%).
