LCH-C achieves profit despite IT write-offs

04 Sep 2006

LCH Clearnet (LCH-C) achieved an operating profit of E71.4m for the first six months of this year, representing a 238% increase year-on-year despite announcing a E47.8m loss relating to its generic clearing system (GCS).

The clearinghouse announced in July that it would abandon work on the...

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