Sumitomo Mitsui Posts Strong Quarterly Financials

Sumitomo Mitsui (SMFG) has released an update.

Sumitomo Mitsui Financial Group reports a robust increase in profits and earnings per share for the three months ended June 30, 2024, under Japanese GAAP. Their financial results show an 11% rise in ordinary income and a significant surge in ordinary profit and profit attributable to owners, with earnings per share climbing to ¥283.09 from the previous year’s ¥185.69. The company’s financial position remains solid with total assets reaching ¥301,990,164 million and a steady net assets ratio of 5.0%.

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