Banca Mediolanum first-half profit rises 16%

Earnings
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Banca Mediolanum reported a 16% increase in first-half net income to 555.5 million euros, up from 477.3 million euros a year earlier. Profit before tax rose 19% to 759.8 million euros, while operating margin climbed 20% to 683.8 million euros. Net commission income increased 10% to 705.7 million euros, and net interest income jumped 30% to 478.5 million euros.

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Banca Mediolanum SpA
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First-half net income rose 16%, profit before tax up 19%, operating margin up 20%, net commission income up 10%, net interest income up 30%.