August 27, 2013 / 5:38 AM / in 4 years

Poland's PZU Q2 net down 6 pct on weak investment results

WARSAW, Aug 27 (Reuters) - Polish PZU, Eastern Europe’s largest insurer, reported a 6-percent drop in second-quarter net earnings on Tuesday because of weak investment results, although the drop was smaller than expected.

The state-controlled insurance group said its net profit fell to 837 million zlotys ($264.83 million)compared to 757 million expected by analysts in a Reuters poll. ($1 = 3.1605 Polish zlotys) (Reporting by Chris Borowski)

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