Sampo pretax profit flat, helped by Nordea

HELSINKI Wed May 8, 2013 2:49am EDT

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HELSINKI May 8 (Reuters) - Finnish insurance and investment group Sampo reported flat first-quarter pretax profit, as low interest rates weighed on returns from fixed-income investments, although it reaped hefty returns from its stake in Nordic bank Nordea.

Sampo reported a quarterly pretax profit of 370 million euros ($484.2 million), little changed from a year earlier. Analysts expected 372 million euros, according to a Reuters poll.

It said its full-year results would likely be "good", but warned that low interest rates were making it tough for reinvestment in fixed-income assets. ($1 = 0.7642 euros) (Reporting by Ritsuko Ando; Editing by David Holmes)

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