logo
  

BNP Paribas Q1 Profit Climbs On Strong Revenues - Quick Facts

French lender BNP Paribas (BNPQY.PK,BNP.L) reported Friday that its first-quarter net income attributable to equity holders came to 1.77 billion euros, up 37.9 percent from last year's 1.28 billion euros.

Excluding the effect of exceptional items and the impact of taxes and contributions subject to IFRIC 21, net income was 2.82 billion euros.

Meanwhile, net income declined 7.8 percent from the first quarter 2019, prior to the Covid crisis.

Pre-tax income was 2.82 billion euros, 57.3 percent higher than last year's 1.80 billion euros, and up 5.2 percent from 2019.

Operating income grew 79 percent year-over-year to 2.34 billion euros.

At 11.83 billion euros, revenues were up 8.6 percent from last year's 10.89 billion euros. Revenues increased 12 percent at constant scope and exchange rates. Revenues were 6.1 percent higher than in the first quarter 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. reported Tuesday narrower net loss in its second quarter with strong growth in revenues. The company also generated strong order growth. Looking ahead, the company reiterated its outlook for adjusted earnings per share, while increased its 2021 outlook for Industrial free cash flow range. In pre-market activity on NYSE, GE shares were gaining around 4 percent. The U.S. Food and Drug Administration announced recall of Old Soul's Farms LLC's certain leafy green products as well as Excalibur Seasoning Co.'s Haen Meats Seasoning Blend, citing potential contamination with Listeria monocytogenes, an organism. Consumption of food contaminated with L. monocytogenes can cause listeriosis, a serious infection and sometimes fatal infections. Tobacco giant Philip Morris International plans to stop selling cigarettes in the United Kingdom in the next decade, according to its CEO Jacek Olczak. In an interview with the Daily Mail Sunday, Olczak said the sales of the company's most popular product Marlboro cigarettes will also be stopped. The move is said to be part of the company's plan to phase out traditional tobacco products.
RELATED NEWS
Follow RTT