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Business

Troubled Dexia announce profit in Q1

Latest update : 2009-05-27

Troubled Franco-Belgian bank Dexia finally made a 251-million-euro net profit in the first quarter of this year. The bank lost 2.6 billion euros in 2008 and was helped out with a major bailout at the end of last year.

AFP - Franco-Belgian bank Dexia, the target of a major bailout late last year, announced a 251-million-euro net profit for the first quarter on Wednesday after losses of 3.3 billion euros for 2008.

While the result was 13.1 percent lower than net profits over the same period last year, it followed a 2.6-billion-euro (3.6-billion-dollar) loss posted for the fourth quarter of 2008.
 

Date created : 2009-05-13

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