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Coface Q3 operating income up at 51.7 million euros

Wednesday, 25 Oct 2017

Oct 25 (Reuters) - Coface Sa :‍ANTICIPATES REACHING EUR 15M COST SAVINGS IN 2017​.‍AFFIRM ITS COST SAVINGS TARGET OF EUR 30M FOR 2018​.‍CONFIRMS EUR 30M INVESTMENT FOR PERIOD 2017-2019​.‍RESTRUCTURING EXPENSES WILL BE LOWER THAN PREVIOUSLY ANTICIPATED​.‍9 MONTH TURNOVER: EUR 1,021.2M DOWN (0.3)% AT CONSTANT PERIMETER AND EXCHANGE RATES ​.‍Q3 2017 TURNOVER UP +0.2% ON A COMPARABLE BASIS​.‍9 MONTH NET INCOME (GROUP SHARE) AT EUR 55.0M​.Q3 REVENUES EXCLUDING SALE OF SEGM OF EUR ‍​329.4 MILLION VERSUS EUR 334.3 MILLION YEAR AGO.Q3 OPERATING INCOME EXCLUDING SEGM EUR ‍​51.7 MILLION VERSUS LOSS EUR 3.4 MILLION YEAR AGO.Q3 NET INCOME EXCLUDING SEGM EUR 34.8 MILLION VERSUS LOSS OF EUR 16.4 MILLION YEAR AGO‍​.

Maiden Holdings says Q4 2016 results will include a reserve charge of about $120 mln

Tuesday, 14 Feb 2017

Maiden Holdings Ltd : Maiden holdings announces fourth quarter 2016 loss reserve strengthening primarily focused on commercial auto business . Q4 2016 results will include a reserve charge of approximately $120 million . Q4 reserve charge relative to company's projected december 31, 2016 reserve balance of approximately $2.9 billion. . Still expects to report a modest level of operating and net income for full year .Maiden does not anticipate any change to its quarterly dividend policy.

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