KBC: stock down despite net profit almost doubling
(CercleFinance.com) - KBC shares are down 5% in early trading in Brussels, despite the Belgian banking group publishing net profit that almost doubled in Q1 2023 compared to last year (+95%), to E882m, i.
e. a basic EPS of E2.08.
It explains that revenues were, amongst other things, boosted by strong interest income from the transformation result, higher net fee income and a significant one-off gain on the disposal of its Irish portfolio in February.
KBC confirms that it is considering distributing surplus capital, in the form of a share buyback and/or an exceptional interim dividend, with the board of directors expected to take a final decision on this in the coming months.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
e. a basic EPS of E2.08.
It explains that revenues were, amongst other things, boosted by strong interest income from the transformation result, higher net fee income and a significant one-off gain on the disposal of its Irish portfolio in February.
KBC confirms that it is considering distributing surplus capital, in the form of a share buyback and/or an exceptional interim dividend, with the board of directors expected to take a final decision on this in the coming months.
Copyright (c) 2023 CercleFinance.com. All rights reserved.