Dexia S.A. (DEX.L, DXBGF.PK) reported first-half net loss group share of 1.17 billion euros or 0.60 euros per share versus loss of 3.96 billion euros or 2.03 euros per share last year. The company said prior-year results were restated.
Loss per share from continuing operations was 0.55 euros, narrower than 2.15 euros in the prior-year period.
The company recorded negative income of 720 million euros, compared to income of 3.69 billion euros in the same period last year.
Pierre Mariani, CEO of Dexia S.A. until the meeting of the Board of Directors on 2 August 2012, stated,
"The results for the first half-year 2012 are impacted in particular by the cost of disposals undertaken since the autumn of 2011 and the burden of the Group's funding cost..."
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