With a net profit of 882 million euros during the first three months of this year, 2023 has “started extremely well” for KBC, CEO Johan Thijs said on Tuesday. Still, investors sent the stock six percent lower on the stock market. Around noon, the large bank is therefore the worst-scoring listing of the entire Bel20 index and the bank is worth one and a half billion euros less. Investors had expected more information about an additional distribution for shareholders.
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KBC share takes a heavy hit on the stock market despite a net profit of 882 million euros
