CIT Finance’s net profit shrinks 82.21%

11 August 2010 (15:46)

The net profit of OAO CIT Finance Investment Bank decreased by 83.99 million RUR, or 82.21% in the second quarter of 2010, that is, from 102.17 million RUR in the first quarter of the year down to 18.17 million RUR in the second quarter.
The company says this financial result has to do with the increased securities re-evaluation expenses and the dropping securities transactions yields.

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