Intesa Sanpaolo: Results as at 31 December 2007
Torino, Milano, 20 March 2008 – The Intesa Sanpaolo’s Management Board, chaired by Enrico Salza, met and approved the drafts of the Parent Company’s financial statements and consolidated financial statements as at 31 December 2007 (*).
The results for 2007 highlighted a positive performance achieved notwithstanding the negative effects of the financial markets crisis and benefiting only marginally, so far, from merger synergies.
Intesa Sanpaolo’s
consolidated net income for 2007 amounted to 7,250 million euro from 4,707 million in 2006. The net income reflected on one hand the positive impact of significant capital gains, mainly made on the disposal of Cariparma, FriulAdria and 202 branches to Crédit Agricole.
-
2007 consolidated net income at over 7.2 billion euro, including capital gains from disposals (2006: 4.7 billion).
-
Proposal for dividend distribution: 0.38 euro per ordinary share and 0.391 euro per saving share, with a total pay-out of over 4.8 billion euro.
-
Operating income at 18,008 million euro, +0.5% (2006: 17,915 million), +5.5% recurring.
-
Operating costs at 9,268 million euro, -3.7% (2006: 9,628 million), -1.1% recurring.
-
Operating margin at 8,740 million euro, +5.5% (2006: 8,287 million), +15.2% recurring.
-
Income before tax from continuing operations at 6,858 million euro, +0.8% (2006: 6,802 million), +15.3% recurring.
The American Bank of Albania is part of the Intesa Sanpaolo Group since the 30th of June 2007.
For more complete financial information please visit the Intesa Sanpaolo website: http://www.intesasanpaolo.com/ |
loading services
