Sumitomo Mitsui's 1st-half net profit down 30%

Sumitomo Mitsui's 1st-half net profit down 30%

TOKYO, Japan - Sumitomo Mitsui Financial Group Inc. President Teisuke Kitayama on Nov. 19 attends a news conference in Tokyo where the company said its consolidated net profit for the first half of fiscal 2007 dropped 30.0 percent from a year before to 170.59 billion yen. SMFG blamed the lowered earnings on losses incurred from its subprime-related securities products and slumping stocks of affiliated consumer loan companies.

  • Product Code
  • ILEA001125014
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  • 2007/11/19 00:00:00
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  • Kyodo / Kyodo News Images
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  • 2007 Kyodo News
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  • 1864 × 1189 pixel
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