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Shinsei Bank Net Profit Drops 30%

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Shinsei Bank Ltd (OTC: SKLKY) reported a 30% drop in its group net profit for the three months through September.

Shinsei Bank's second quarter net profit dropped to Y2.1 billion, from Y3.0 billion, in the year-ago period. Shinsei's net profit for the April-September fiscal first half rose to Y20.35 billion, from Y16.88 billion, in the year-ago period.

For the fiscal year ending March 2012, Shinsei Bank projects a group net profit of Y22.00 billion on revenue of Y400.00 billion.

Shinsei Bank shares closed at $2.06 yesterday.

 

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