Rothschild & Co: H1 net income reaches 124 million euros

(CercleFinance.com) - Unveiled after trading on Tuesday, Rothschild & Co.
's H1 results included net income, group share that is down 24%, excluding exceptional items, at 124 million euros.

Integrating exceptional items, however, this fall is limited to 17% y-o-y at 134 million euros.

Operating profit came in at 215 million euros, down 18%, while revenue fell 11% to 898 million euros, vs. 1,007 million euros a year ago.

Alexandre de Rothschild, Executive Chairman, commented,
"Given the record year that we enjoyed in 2018, we are pleased to deliver such robust results in less favourable market conditions, proof of the resilience of our underlying strategy. (...) "The group is in good shape and well positioned to grow thanks to our diversified business model. We are confident that we will achieve solid results for the full year 2019 albeit at a lower level than 2018."


Copyright (c) 2019 CercleFinance.com. All rights reserved.