Van Lanschot H1 Net Profit Drops 87%

Van Lanschot reported an 87% decline in its first-half profit. Van Lanschot's net profit for the period dropped to 5.7 million euro ($7.04 million). Its operating profit dipped 91% to 4.2 million. Analysts were expecting an operating profit of 15.8 million euros and net profit of 12.1 million euros.