Aug

9

Argentina’s Galicia 2nd-qtr net profit rises 6.7 pct, beats f’cast

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BUENOS AIRES |
Fri Aug 9, 2013 2:08am IST

BUENOS AIRES Aug 8 (Reuters) – Argentina’s leading banking
conglomerate Grupo Financiero Galicia said on
Thursday that its second-quarter net profit rose 6.7 percent to
361.8 million pesos ($67.2 million) from 339.1 million pesos in
the same 2012 period.

The figure came in above market expectations. A Reuters poll
of four analysts had forecast the quarterly net profit at a
median of 345.5 million pesos, with estimates ranging from 332
million to 346 million pesos.

In the first half of the year, the conglomerate reported a
net profit of 660.74 million pesos.
($1 = 5.3875 pesos as of June 30)

(Reporting by Alejandro Lifschitz)

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