Handelsbanken Q2 operating profit beats forecast

July 15, 2016 5:16 AM

12 0

STOCKHOLM, July 15 Sweden's Handelsbanken reported second-quarter operating profits above expectations on Friday and said it was well-equipped to handle much more difficult market conditions in Britain, should they arise after the Brexit vote.

Operating profit in the quarter rose marginally to 5.28 billion Swedish crowns ($622 million) compared to a year-ago 5.26 billion, beating a mean forecast of 4.92 billion seen in a Reuters poll of analysts.

Also read: GE Cuts Full-Year Sales Forecast

Read more

To category page