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Sumitomo Mitsui H1 Net Profit Up 5.5%

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Sumitomo Mitsui H1 Profit Surges 53%

Sumitomo Mitsui Financial Group (NYSE: SMFG) reported a 5.5% rise in its net profit for its fiscal first half.

The bank's net profit for the period surged to Y331.04 billion ($4.19 billion), from Y313.76 billion, in the year-ago quarter.

Its operating revenue climbed 1.1% to Y2.068 trillion from Y2.045 trillion.

It also lifted its net profit forecast to Y540 billion from Y480 billion.

Sumitomo Mitsui Financial shares closed at $5.87 yesterday.

Posted-In: profitEarnings News

 

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