PRAGUE, Nov 27 (Reuters) - Quarterly net profit at PPF Financial Holdings — owned by the richest Czech Petr Kellner — rose by 69 percent in the third quarter from a year ago, the group said in a regulatory filing released on Tuesday.
Profit rose to 177 million euros from 105 euros from a year earlier, PPF said. The privately-held company did not give a reason for the increase.
PPF’s unit, Home Credit Group, is in the process of selling Air Bank and other assets to Moneta Money Bank in a $883 million deal, one of the largest in the Czech banking sectors in recent years. (Reporting by Robert Muller, Editing by Michael Kahn)