BPH's billion delayed
BPH should reach the zł.1-billion mark in 2006.
Though BPH had earlier said that a zł.1 billion net profit was a possibility this year, when asked about the prognosis last week Niels Lundorff, a deputy chief executive at BPH, told a meeting of analysts: "That's impossible. We are not aiming at zł.1 billion in net profit this year.
"Our target is to achieve pre-tax ROE of 22 percent next year, and as you can calculate, that will mean about zł.1 billion net in 2006," he said.
BPH is controlled by HVB's Bank Austria unit. BPH recorded a net profit of zł.205.5 million on revenues of zł.909 million in Q1 - rises of 40.5 percent and 63 percent respectively on the same period last year. (Reuters)
Though BPH had earlier said that a zł.1 billion net profit was a possibility this year, when asked about the prognosis last week Niels Lundorff, a deputy chief executive at BPH, told a meeting of analysts: "That's impossible. We are not aiming at zł.1 billion in net profit this year.
"Our target is to achieve pre-tax ROE of 22 percent next year, and as you can calculate, that will mean about zł.1 billion net in 2006," he said.
BPH is controlled by HVB's Bank Austria unit. BPH recorded a net profit of zł.205.5 million on revenues of zł.909 million in Q1 - rises of 40.5 percent and 63 percent respectively on the same period last year. (Reuters)
