Binckbank N.V. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Records Impairment of Financial Assets for the Second Quarter Ended June 30, 2018
For the period, the company net interest income was EUR 15,959,000 against EUR 14,872,000 a year ago. Result from operating activities was EUR 18,772,000 against EUR 5,116,000 a year ago. Results before tax were EUR 26,884,000 against EUR 3,612,000 a year ago. Net results were EUR 22,212,000 against EUR 2,122,000 a year ago. Basic and diluted earnings per share were EUR 0.33 against EUR 0.03 a year ago. Cash flow from operating activities was EUR 413,002,000 against EUR 235,494,000 a year ago. The company acquired property, plant, and equipment with a value of EUR 870,000,000 Compared with EUR 2,471,000 a year ago.
For the quarter, the company recorded impairment of financial assets of EUR 71,000 against EUR 72,000 a year ago.