KBC Ancora closes financial year 2020/2021 with a profit of EUR 529.7 million, including recurring profit of EUR 18.0 million.
Leuven, 27 August 2020 (17.40 hrs CET)
KBC Ancora recorded a profit of EUR 529.7 million in the financial year 2020/2021, equivalent to EUR 6.76 per share. This compares with a profit of EUR 60.8 million in the previous financial year. The result was due in very large part to the reversal of the remaining impairments on the participating interest in KBC Group (EUR 511.7 million). The recurring result for the financial year 2020/2021 (EUR 18.0 million) was determined on the one hand by the income from the dividend received on the participating interest in KBC Group (EUR 34.1 million), and on the other by the operating costs (EUR 2.4 million) and interest charges (EUR 13.8 million).