Business News

KD Group Back in Black

Ljubljana, 25 May (STA) - Financial group KD Group reported a EUR 2.1m net profit for the first quarter of this year on Tuesday, signaling a much needed recovery following a EUR 53m loss in 2009.

The three month profit comes after KD was EUR 8.8m in the red in the same period last year and on the back of EUR 88m in operating revenues, 4% down year-on-year.

The unaudited data published on the Ljubljana Stock Exchange moreover show that KD managed EUR 877.9m at the end of March, which is 4% more than at the end of 2009. The group's capital stood at EUR 154.4m, 2% up on the final 2009 figure.

The KD Group's activities include banking, investment funds, portfolio management and insurance.

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