Sberbank Rossii OAO Lowers FY 2013 IFRS Earnings Forecast-Interfax
Interfax reported that Sberbank Rossii OAO (Sberbank) has lowered its fiscal year 2013 net profit forecast to International Financial Reporting Standards (IFRS) to RUB 370 billion, the Bank said in a presentation for a conference call. Management had previously forecast RUB 370 billion - RUB 390 billion net profit for the year. According to I/B/E/S Estimates analysts on average are expecting the Company to report net income of RUB 364,502.85 million for the fiscal year 2013.
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