LONDON (Thomson Financial) - ICB Financial Group Holdings AG reported a rise
in first-half pretax profit and predicted modest growth for the rest of the
year.
For the six months ended June 30, 2008, the company reported a pretax profit
of $84.3 million compared with $12.3 million a year ago.
The company recorded an extraordinary gain of $80.3 million on the disposal
of its stake in an associate company, Sorak Financial Holdings Pte. Ltd. in
January.
The group said the performance by most of its banks during the half year has
been flat with business activity falling below projected levels and added that
across the group, income lines have been under significant pressure.
TFN.newsdesk@thomson.com
npr/ak
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