French insurer AXA S.A. has reported a 31% increase in net income to...

French insurer AXA SA has reported a 31% increase in net income to €2.27m (£1.53m) for the first half of 2005 over restated figures for the first six months of last year.

AXA restated its 2004 results for comparability under International Financial Reporting Standards.

The insurer said the improved profit was due in part to a focus on improved efficiency and organic growth, among other factors.

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