logo
Plus   Neg
Share
Email

Societe Generale Q3 Profit Declines YoY - Quick Facts

Societe Generale (SCGLF.PK,SCGLY.PK) reported third-quarter net income of 854 million euros, down 34.8 percent from prior year. Underlying Group net income declined 35.6 percent to 855 million euros. For the third-quarter, net banking income declined 8.4 percent, or 7.7 percent adjusted, to 5.98 billion euros. In terms of the businesses, revenues were 2.9 percent lower than prior year.

For the nine-month period, Group net income was 2.59 billion euros, down 24.5 percent or 24.8 percent adjusted, from last year. Earnings per share was 2.49 euros compared to 3.62 euros, last year. Underlying Group net income declined to 3.18 billion euros from 3.92 billion euros. Underlying earnings per share was 3.24 euros compared to 4.22 euros. For the nine month period, net banking income was 18.46 billion euros, down 4.3 percent, or 4.0 percent adjusted. In terms of the businesses, revenues were 1.3 percent lower from prior year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Video streaming giant Netflix announced plans to significantly increase its investment in France with 20 new French productions, and partnerships with leading French creative institutions. Netflix on Monday opened its new headquarters in France, located in the heart of Paris. Netflix France currently... Toyota Motor Corp. has invested $394 million in U.S. electric air-taxi startup Joby Aviation as lead investor in the recent $590 million Series C financing. Toyota said it is continuing to leverage emerging technologies to provide "Mobility for All" as the lead investor as part of its transformation into a mobility company. As the world is facing severe consequences of increasing carbon emissions, Microsoft has announced various plans to tackle the issue. The company aims to reduce its own carbon emissions by more than half, and to be carbon negative by 2030. This means the company will remove more carbon than it emits each year. The company further announced a new $1 billion Climate Innovation Fund.
RELATED NEWS
Follow RTT
>