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Handelsbanken Q2 profit beats forecasts
July 17, 2014 / 4:46 AM / 3 years ago

Handelsbanken Q2 profit beats forecasts

STOCKHOLM, July 17 (Reuters) - Sweden’s Handelsbanken reported on Thursday second-quarter operating profit above expectations thanks to lower loan losses and a boost from dividend income.

Operating profit in the quarter rose to 5.1 billion Swedish crowns ($747 million), beating a mean forecast for 4.8 billion seen in a Reuters poll of analysts and compared with 4.7 billion in the year-earlier period.

$1 = 6.8254 Swedish Crowns Reporting by Mia Shanley and Johan Ahlander

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