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Rothschild & Co: interim results up.

(CercleFinance.com) - Unveiled yesterday after trading, Rothschild & Co's H1 results included a 31% increase in net income, group share, to 88 million euros.

Excluding extraordinary items, growth even reached 36% y-o-y to 95 million euros.

Meanwhile, operating profit came in at 200 million euros, up 10%, while in terms of business the group's revenues increased by 6% to 852 million euros. In particular, revenues benefited from the strength of the global advisory business (+27% to 178 million euros), and even more from the dynamic nature of the group's private wealth and asset management businesses, where revenues soared 37% to 247 million euros. This growth is mainly due to organic growth and the consolidation of Martin Maurel, which contributed 50 million euros.

Rothschild & Co expects a slight improvement in its operational performance in the quarter October-December compared to what has been observed over the last 6 months. The group also aims to increase its assets under management, depending on conditions in the financial markets, while the integration of the Martin Maurel group should continue to generate growth in France.

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