H1 15 net result decreased to €151m (compared with €289m at 30/06/2014), due to a lower share of profits of associates and capital gains on asset sales. Concerning the performance of the equity associates, the decrease of their income (-68% to €29.3m) came mainly from the loss recorded by Indra Sistemas (net loss of €436m for a 100% share, including non-recurrent effects consisting of provisions, impairment losses and profit overruns) and Alba’s sale of part of its h
08 Sep 2015
A portfolio rotation quietly driven
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A portfolio rotation quietly driven
Corporacion Financiera Alba, S.A. (0HA8:LON) | 3,490 0 0.0% | Mkt Cap: 2,105m
- Published:
08 Sep 2015 -
Author:
Pierre-Yves Gauthier -
Pages:
3
H1 15 net result decreased to €151m (compared with €289m at 30/06/2014), due to a lower share of profits of associates and capital gains on asset sales. Concerning the performance of the equity associates, the decrease of their income (-68% to €29.3m) came mainly from the loss recorded by Indra Sistemas (net loss of €436m for a 100% share, including non-recurrent effects consisting of provisions, impairment losses and profit overruns) and Alba’s sale of part of its h