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Argentina's Grupo Galicia posts Q3 net profit

Tue Nov 10, 2009 8:42am EST

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BUENOS AIRES, Nov 10 (Reuters) - Leading Argentine banking conglomerate Grupo Financiero Galicia (GFG.BA) (GGAL.O) reported on Tuesday a third-quarter net profit of 51.3 million pesos ($13.36 million), compared with a 66.3 million peso profit a year ago.

The net profit was higher than market expectations. A Reuters poll of five analysts had put the company's net at a median of 48 million pesos, with estimates ranging from 41 million to 55 million pesos. ($1 = 3.8375 pesos on Sept 30) (Reporting by Jorge Otaola, writing by Vivianne Rodrigues, editing by Gerald E. McCormick)



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