Millennium BCP profits down 34%

Millennium BCP - 1Q16 pre-tax profit of €46.7m ($54m), down 33.7% YoY; however, its Chairman, Nuno Amado, highlighted the "positive development" of profitability excluding non-recurring items.

Millennium BCP quarterly profits down 34% on year

Banco Comercial Português had a first-quarter net profit of 46.7 million, 33.7% less than in the same period of last year, the Portuguese bank announced on Monday, but its chairman, Nuno Amado, highlighted the "positive development" of profitability excluding non-recurring items.

By TPN/Lusa, in News · 03 May 2016, 07:03 · 0 Comments