Gap and nearly 9% growth for GLE after Q2-report.

05.08.2015 / 18:31

Rating:

Shares of Societe Generale Group (GLE) increased by nearly 8.9% (at 52-Week Change = 24.78%), after the financial group today surged by 25% of the profit in the second quarter. Net profit in the three months to the end of June reached € 1,35 bn., While revenue rose 16% to € 6,87 billion. For solid financial results of Societe Generale, have made important contributions performance on risk markets as Afrika and Russian market.

Subsidiaries in Russia cut its losses for Q2 of € 45m., Compared to € 91m., In Q1 of 2015. Although the second quarter of 2014 the figure was € 15 million profit, the overall result in Russia for 2014 bring the financial group € 497 million loss.
The result for Q2 is positive and is interpreted as a consequence mainly of the recovered pure interest margin coupled with an overall reduction in operating costs. Prospects for the second half of 2015 remain positive.

Varchev Traders

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Gap and nearly 9% growth for GLE after Q2-report.

London

Universal numbers