ING Posts Rise In Q1 Profit

ING Group NV ING reported a strong rise in its first quarter net profit. ING's quarterly underlying net profit surged to 800 million euro, versus 579 million euro, in the year-ago period. Its net profit, after special items, climbed to 1,804 million euro, or 0.47 euro per share. ING shares closed at $8.59 yesterday.