UPDATE 1-Vienna Insurance Q2 earnings fall as expected
By : * Q2 pretax profit 109 mln eur, in line with estimates
Date posted :2009-08-20 01:53:00
* Cost cuts compensate for Austrian weather damage
* Still gives no outlook for 2009
(Adds details)
VIENNA, Aug 20 (Reuters) - Vienna Insurance Group (VIGR.VI) reported a 33 percent fall in second-quarter pretax profit on Thursday, in line with expectations, as harsh capital markets and one-off effects hurt earnings.
Pretax profit in the quarter was down by a third on the year to 109 million euros ($154 million), in line with the average analyst forecast in a Reuters poll. Group premiums were stable at 1.9 billion euros, also in line. [ID:nLB180108].
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