Societe Generale posts income of €862M in Q3, up 9.8%

Thursday, 05. November 2020 07:11

Societe Generale S.A. announced on Thursday the company's third-quarter net income rose 9.8% on the year to €862 million, outperforming expectations after losing €1.26 billion in the previous quarter.

Meanwhile, the French lender's revenue in the same quarter landed at €5.8 billion, up 0.5% compared to the same period a year earlier.

"The Societe Generale Group’s Q3 results illustrate the ability of all our businesses to rebound, after the exceptional lockdown period that we have experienced, and to adapt to a still very uncertain environment," the group's CEO Frederic Oudea said.

Related Links: Société Générale S.A.
Author:
Baha Breaking the News (BBN) / JC