Goodwill impairment in Slovakia, Bulgaria taints KBC's final quarter

February 18, 2016 6:20 AM

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BRUSSELS Feb 18 Belgian financial group KBC reported a net profit below analysts' expectations on Thursday as the company took a goodwill impairment on its operations in Bulgaria and Slovakia.

Net profit still almost doubled from a year earlier to 862 million euros ($960.5 million) in the fourth quarter, below the 1.228 billion expected in a Reuters poll of 10 analysts.

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