Spain's Mapfre posts 58 pc rise in H1 net profit
MADRID |
MADRID (Reuters) - Spanish insurer Mapfre (MAP.MC) said on Wednesday its first-half net profit rose 57.7 percent year-on-year to 529.4 million euros ($832.9 million).
Mapfre, which has been expanding abroad and via joint ventures in Spain, said consolidated income rose 17.9 percent to 8.9 billion euros, and premiums rose 15.1 percent to 7.3 billion euros.
(Reporting by Sonya Dowsett, editing by Sarah Morris)
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