August 7, 2019 / 5:19 AM / 4 months ago

Commerzbank posts flat net profit in Q2, helped by low taxes

FRANKFURT, Aug 7 (Reuters) - Germany’s Commerzbank on Wednesday posted net profit in the second quarter that was little changed from a year ago, helped by low taxes, but said its target for a slight increase in full-year net profit had become “significantly more ambitious”.

Net profit of 271 million euros ($303.79 million) in the quarter was better than the 217 million euros expected by analysts and compares with 272 million euros a year earlier. ($1 = 0.8921 euros) (Reporting by Tom Sims, editing by Riham Alkousaa)

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