SMFG’s income jumps 52.8%

By Rev Hui
12 Nov 2013

Sumitomo Mitsui Financial Group posted a net income of ¥505.7bn ($5.1bn) for the six months ended September 30, 52.8% more than the same period last year.

The Japanese giant’s banking arm, Sumitomo Mitsui Banking Corporation, was once again the main contributor to revenues, recording a net income of ¥330.2bn. That was a 37.8% rise over the same period last year and was 65% of SMFG’s overall net income.

Meanwhile, SMBC Nikko Securities also had ...

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