AXA's net climbs 63% on gains from acquisition
Article Abstract:
AXA SA posted an improvement of 63% in its net profits for the first-half of 1999. The company's net profits were helped by a 302 million euros one-time gain from its purhcase of Guardian Royal Exchange. Analysts believe that AXA, an insurance firm based in France, will make additional acquisitions in the 1999 year. The firm would have posted 1.2 billion euros in net profits if not for the one-time gain.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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AXA's revenue increases 5.8% in first half
Article Abstract:
Axa SA posted an improvement of 5.8% in its consolidated revenues for the first-half period of 1999. The French-based insurance firm posted 208.58 billion (31.8 billion euros) during the period. During the same period in 1998, Axa reported 197.14 billion euros in revenues. The company's life insurance business reported a 6.8% rise in its revenues during the first-half.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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