May 8, 2013 / 6:51 AM / 4 years ago

Sampo pretax profit flat, helped by Nordea

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below