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Argentina's Banco Macro says Q1 net profit 457.9 mln pesos
May 8, 2013 / 9:46 PM / in 5 years

Argentina's Banco Macro says Q1 net profit 457.9 mln pesos

BUENOS AIRES, May 8 (Reuters) - Banco Macro , one of Argentina’s largest private banks, on Wednesday reported a net profit of 457.9 million pesos ($89.3 million) in the first quarter, up from 323.8 million pesos in the same period last year.

The figure came in above market expectations. A Reuters poll of four analysts had put the company’s quarterly net profit at a median of 401 million pesos, with estimates ranging from 390 million to 411 million pesos.

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