• Net profit attributable to shares decreased from €37m for Q2 19 to €5m for Q2 20 • Loss allowances rose from €23m for Q2 19 to €48m for Q2 20 including €39m direct and indirect impacts of COVID-19 • Aareal considers a substantially positive consolidated operating profit expected in the medium to high double-digit €m range for FY2020
13 Aug 2020
Q2 20 results again considerably impacted by COVID-19
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Q2 20 results again considerably impacted by COVID-19
Aareal Bank AG (ARL:WBO) | 0 0 0.2% | Mkt Cap: 2,364m
- Published:
13 Aug 2020 -
Author:
Dieter Hein -
Pages:
3
• Net profit attributable to shares decreased from €37m for Q2 19 to €5m for Q2 20 • Loss allowances rose from €23m for Q2 19 to €48m for Q2 20 including €39m direct and indirect impacts of COVID-19 • Aareal considers a substantially positive consolidated operating profit expected in the medium to high double-digit €m range for FY2020