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Vienna Insurance Group to raise 2006 div on 30 pct pretax profit increase


Published : Tue, 23 Jan 2007 09:18
By : Agencies
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VIENNA (AFX) - Wiener Staedtische Versicherung (Vienna Insurance Group) said today its will raise its full year dividend to 0.80 eur from 0.66 eur after posting an increase of over 30 pct in preliminary pretax profit for 2006 of between 315-320 mln eur.

The Austrian insurance company, currently rebranding itself as Vienna Insurance Group, accredited the increase in group net profit to continued growth in the Central and Eastern European markets.

Shares in Vienna Insurance group last traded at 55.56 eur, down 1.14 pct or 0.64 eur, while the ATX closed up 0.53 pct at 4,417.28.

fiona.flanagan@thomson.com

ff/jfr

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