Société Générale: underlying net income up 16%

(CercleFinance.com) - Société Générale has published Q3 2018 underlying net income, group share of 1,252 million euros, up 16.
1% y-o-y, with an underlying ROTE of 11%, compared with 9.5% in the same period a year ago.

Still in underlying terms, its quarterly net banking income rose by 9% (+4.4% excluding the revaluation of Euroclear securities) to 6.53 billion euros, although management costs increased by 5.2% to 4,374 million euros.

Underlying EBITDA rose by 11.9% to 2.156 billion euros, although underlying risk provisions increased to 264 million euros, against 212 million euros a year earlier.


Copyright (c) 2018 CercleFinance.com. All rights reserved.