Mediolanum closes the first half with a strong leap in net profit (+125% to 217,5 million euros) compared to the same period of the previous year, thanks mainly to the increase in recurring revenues year over year. As regards the domestic market, net income showed growth of 116% to 210 million euros.
This was announced in a note released by the group, in which it is highlighted how the interest margin went from 2011 million to the current 97,35 million compared to the same period of 158,38. The Board, which has appointed Carlo Secchi president of the group, also approved the issue of bond loans for a maximum amount of 300 million euro to be placed by 31 December.
The share on the Stock Exchange rose slightly (+0,29%) after the publication of the results.
