Coface: 9m net income more than triples

(CercleFinance.com) - Coface has published 9m revenues of 1,158.
4 million euros, up 7.9% (excluding changes in consolidation scope) compared to the same period a year earlier.

In particular, credit insurance premiums increased by 9.3% thanks to the increase in business, in line with the economic recovery and past rate adjustments.

Operating profit came in at 265.3 million euros (+184% excluding changes in consolidation scope) for a 3.5-fold increase in net income (group share) to 191 million euros (+276.4% excluding changes in consolidation scope), compared with the first nine months of the previous year.

Coface continues to invest in its operational efficiency, the quality of its services, its technological resources and its commercial efficiency, it said.


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