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BUENOS AIRES, May 9 (Reuters) – Argentine banking
conglomerate Grupo Financiero Galicia
reported on Thursday a first-quarter net profit of 298.9 million
pesos (US$58.4 million), rising 6 percent from the year-earlier
net of 281.7 million pesos.
The figure came in well below market expectations. A Reuters
poll of four analysts had forecast the quarterly net profit at a
median of 341.5 million pesos, with estimates ranging from 320
million to 355 million pesos.
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