Societe Generale reports revenue of €7.07B in Q2

Wednesday, 03. August 2022 06:42

Societe Generale SA announced on Wednesday that its revenue stood at €7.07 billion in the second quarter of 2022, rising by 12.8% year-on-year.

Its reported net loss landed at €1.48 billion, in contrast with 2021's second-quarter income of €1.43 billion, while its operating income for the time period increased by 18.4% to €2.39 billion.

"We have successfully simplified and strengthened the resilience of our business model, transformed our businesses to support the changing needs of our customers and the far-reaching transformations around digital technologies and ESG, and invested in a targeted manner in businesses with strong growth potential," said Group's Chief Executive Officer Frederic Oudea.

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