KBC: in the lead in Brussels after 'excellent' results

(CercleFinance.com) - KBC on Thursday posted "excellent results" for 2017, as the Belgian financial group benefited from a sustained economic expansion and only moderate inflation.


Net profit rose 6% to 2.57 billion euros over the last year, after it booked a net profit of 399 million euros in fourth-quarter, impacted by a one-off negative effect of 211 million euros due to the Belgian corporate tax reform.

However, the tax reform will have a recurrent positive impact on income taxes for the Belgian units going forward, the group said.

KBC also said that it would pay a dividend of 3 euros this year, which was warmly welcomed by investors: the BEL 20-listed shares were up 2.3% at 75.1 euros this morning on Euronext Brussels.

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