Coface returns to profit in H1 2010
The credit insurer has recorded an operating profit of €55m compared to -€47m in the second half of 2009 and -€202m in the first half of 2009.
The firm attributed its improvement to a “fast improvement” in the claims rate.
Coface also cited the “improvement in the economic situation and Coface’s tight management” of its risks.
Compared to
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