Article: Grupo Assa profit up 40%.(PANAMA)(Financial report)

Panama-based financial services group Grupo Assa SA said its net profit rose 40.7% last year, thanks to strong performances at its insurance and banking subsidiaries, reports Dow Jones (March 8, 2008). Net profit was US$24.9 million, up from US$17.7 million in 2006, the company said in a filing with the Panamanian Stock Exchange. Net revenue rose 70.3% to US$120.7 million on the back of higher insurance ...

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