logo
Plus   Neg
Share
Email
Comment

Societe Generale Q4 Profit Down 82.3% - Quick Facts

French lender Societe Generale SA (SCGLF.PK,SCGLY.PK) reported that its Group net income for the fourth quarter fell 82.3 percent to 69 million euros from last year's 390 million euros. Earnings per share declined to 2.92 euros from 4.26 euros last year.

The latest quarter's results include an exceptional expense of 416 million euros, reflecting the impact of tax reforms in France and the U.S.

Excluding non-economic items, Group net income was 3 million euros, compared to 421 million euros a year ago. Earnings per share were 2.98 euros, compared to 4.55 euros in the prior year.

Underlying net income was 877 million euros, down from 1.16 billion euros last year.

Operating income for the quarter fell 33.3 percent to 830 million euros from 1.25 billion euros in the year-ago period. Operating income, excluding non-economic items, declined 43.2 percent to 735 million euros from 1.29 billion euros last year.

However, net banking income for the quarter rose 3.2 percent to 6.32 billion euros from 6.13 billion euros last year. Excluding non-economic items, it rose 0.8 percent to 6.23 billion euros.

The company's board of directors has decided to propose the payment of a 2017 dividend of 2.20 euros per share to the general meeting of shareholders. This will be detached on May 30th, 2018 and paid on June 1st, 2018.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT