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Earnings Analysis: 
Sumitomo Mitsui Net Surges
Author: Trupti Mehta
123jump.com
Last Update: 5:53 AM ET February 08 2010


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Sumitomo Mitsui Financial Group, Inc nine months revenues fell 18% to ¥2.3 trillion and net profit rose 197% to ¥247.8 billion or ¥249.32 a share.

 
19:45PM Tokyo – Japan Sumitomo Mitsui Financial Group, Inc revenues fell 18% and net profit rose 197%.

Sumitomo Mitsui Financial Group, Inc, the bank reported nine months revenues fell 18% to ¥2.3 trillion from ¥2.8 trillion a year ago. Net profit for the nine months rose 197% to ¥247.8 billion or ¥249.32 per diluted share compared to net profit of ¥83.4 billion or ¥9,965.83 per share a year ago.

Sumitomo Mitsui Financial Group, Inc., in the last one year traded as high as ¥4,520.00 in June 2009 and as low as ¥2,585.00 in November 2009. Based on the yesterday’s closing price of ¥2,774.00 the company has market cap of ¥2.78 trillion.
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