Lion Finance Group PLC (BDGSF) Thursday reported profit before tax of GEL 609.12 million for the first quarter, lower than GEL 1.102 billion in the same quarter last year, mainly to due to one-time items.
Excluding one-off items, profit before tax increased to GEL 609.12 million from GEL 433.02 million a year ago.
Net profit declined to GEL 511.14 million or GEL 11.73 per share from GEL 1.036 billion or GEL 23.23 per share last year.
Before one-off items, profit rose to GEL 513.06 million or GEL 11.73 per share from GEL 369.07 million or GEL 8.24 per share a year ago.
Operating income increased to GEL 978.65 million from GEL 643.96 million in the prior year.
Net interest income grew 56.2% to GEL 683.7 million from GEL 437.82 million in the previous year, While net fee and commission income rose 28.1% to GEL 138.07 million.
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