Renaissance Capital doubles net profit in H1 2017

Renaissance Capital doubles net profit in H1 2017

Emerging and frontier markets investment bank, Renaissance Capital, on Monday, announced its IFRS financial results for the six months ended 30 June 2017. During the reporting period, the Moscow-based investment bank’s net profit doubled YoY to $5.5 million. Operating income increased by 15 percent to $74 million. Operating expenses remained flat year-on-year at $65 million…

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