Societe General second-quarter net profits more than tripled

4th August 2010, Comments 0 comments

French bank Societe Generale on Wednesday posted second-quarter net profits that were more than triple last year and higher than expected at 1.084 billion euros (1.432 billion dollars).

The figure was much higher than the 777 million euros forecast by Dow Jones Newswires analysts.

The bank, which has fixed itself a target of three billion euros annual profits, has already achieved 2.1 billion in the first six months of the year.

Societe Generale lost billions of euros in a rogue trade scandal in 2008.

© 2010 AFP

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