Known from:
ntv-logo sky-logo comedy-central-logo

NN GROUP (AS: NN) PROFIT ROSE 50%

  • Profit tops market estimates
  • Sales rose 72%

NN Group N.V. (AS: NN), a Dutch insurance and investment management company, announced its first quarter profit rose 50% to €468 million ($524.6 million), mainly due to a strong performance of its life insurance business. Analysts were expecting a Q1 profit of €415 million.

Sales rose 72% as all business segments contributed to the increase. The company also benefited from change of the tax rules in Japan.

NN stock opened 0.57% higher this morning.

Stocks Highlights