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Portfolio > Economy & Markets > Fixed Income

First-Half AXA Results Look Better In Dollars

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NU Online News Service, July 30, 2003, 4:46 p.m. EDT – AXA S.A., Paris, is reporting the equivalent of $54 billion in revenue for the first half, up from $40 billion in revenue for the first half of 2002.

AXA results look worse in euros because of the weakness of the U.S. dollar.

At home, AXA is reporting 37 billion euros in revenue for the first half, down from 40 billion euros in revenue.

Income figures were not immediately available.

The conversions here use an exchange rate of $1=0.87458 euros for the 2003 results, and an exchange rate of $1=1.1434 euros for the 2002 results. The exchange rates come from figures published by OANDA Corp., New York.


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