ABN exceeds Q1 market hopes, but slumps 42%

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THE NETHERLANDS/GLOBAL - Dutch financial service group, ABN AMRO, lifted market expectations with its first quarter results despite a 42% slump in net profits.

In what was described by the firm as a “satisfactory” quarter, ABN posted net profits of EUR397m, compared with EUR683m for the corresponding period, 2001. Commenting, the firm’s chairman, Rijkm...

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