Coface returns to positive growth

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Coface has reported a return to positive growth in turnover over nine months at +1.9% at current structure, and at +0.6% at constant structure and exchange rates.

Current operating profit has reached €89m, compared to a loss of €240m in 2009. It said that the €43m contribution of insurance to operating profit benefits from the 51 point drop in the loss ratio

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