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Half Year 2022 Banca Monte dei Paschi di Siena SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the MPS Group's Second Quarter and First Half 2020 Results Presentation. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Luigi Lovaglio, Chief Executive Officer and General Manager. Please go ahead, sir.
Good morning, everybody. My warm welcome to all of you. Many thanks for joining us for Monte dei Paschi first half results. It's a pleasure to have also the opportunity to share with you different progresses in our plan execution. But let me start with some highlights on our results.
The net profit result at EUR 27 million, in the Q2 was EUR 18 million. Year-on-year comparison is not effective because there are some gains on securities and there was a lower level of provision in the last year.
The first half result has benefits -- we have also benefits of a strong contribution from gross operating profit that is showing at 12.6% year
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