Profit rises at UniCredit Factoring


Unicredit Factoring, the Italian company which is part of banking group UniCredito, closed the first half of 2002 with a turnover of Ђ3m and an earnings margin of Ђ10.6m. Net commissions increased by 50 % to Ђ4.7m.The company's operating margin amounted to Ђ5.7m and the cost/income ratio was 48%.

Source: Il Sole 24 Ore/FT



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Posted on Jul 26, 2002
Region: Italy