Coface announces a rebound in its turnover exceeding

Coface announces a rebound in its turnover exceeding
expectations on the 3rd quarter
 
All Coface indicators are green on the 3rd quarter:

  • it is the 5th consecutive quarter of substantial improvement in profitability, leading to a net profit for 2010 at €60m; 
  • growth in turnover rebounds at +9%; 
  • the loss ratio decreases again at 53%; 
  • management costs are down by 3%, and 1% for the first 9 months.  http://www.oxfordprospect.co.uk/COFACE.html
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