Storebrand ASA (STB.OL), a financial services company, Wednesday reported profit before tax of NOK 1.128 billion for the first half, higher than NOK 1.085 billion in the previous-year quarter, primarily helped by growth across Unit Linked, Asset Management, and Retail Banking.
Cash equivalent earnings before tax increased to NOK 1.090 billion from NOK 988 million a year ago.
Operating profit was NOK 1.025 billion, lower than NOK 1.092 billion last year.
Cash equivalent earnings before amortisation and tax was NOK 1.167 billion, up by 8% year-on-year.
Net profit increased to NOK 978 million or NOK 2.26 per share from NOK 897 million or NOK 2.01 per share a year ago.
Cash equivalent earnings after tax rose to NOK 973 million from NOK 635 million in the previous year.
Fee and administration income grew to NOK 1.997 billion from NOK 1.908 billion last year.
Insurance result was NOK 470 million, up from NOK 394 million a year ago.
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