Royal Bank of Scotland (RBS.L: Quote, Profile, Research), whose consortium has launched a 71.1 billion euro ($98.2 billion) takeover offer for Dutch bank ABN AMRO (AAH.AS: Quote, Profile, Research), said first-half profit would be at least 5 billion pounds ($10.3 billion).
"Profit before tax, intangibles amortisation and integration costs for the six months to June 30, 2007, is expected to be not less than 5,000 million pounds," RBD said in a statement.
RBS said the profit estimate was based on its account for the first five months of 2007 and was consistent with guidance it gave in a trading statement on June 5. RBS is scheduled to release its first-half results on August 3.
Thursday, August 2, 2007
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