January 30, 2020 / 7:14 AM / 25 days ago

Japan's SMFG net profit rises 8.3% in Q3, maintains outlook

TOKYO, Jan 30 (Reuters) - Sumitomo Mitsui Financial Group Inc (SMFG), Japan’s second largest lender by assets, reported on Thursday an 8.3% rise in third-quarter net profit due partly to market division’s performance.

SMFG posted a profit of 178.9 billion yen ($1.63 billion) for the three months through December compared with 165.2 billion yen in the same period a year earlier, according to Reuters’ calculations based on nine-month cumulative figures disclosed by the bank in a stock exchange filing.

SMFG reiterated its profit view of 700 billion yen for the full-year through March. That compared with the 720.3 billion yen average of 10 analyst estimates compiled by Refinitiv. ($1 = 109.7000 yen) (Reporting by Takashi Umekawa; Editing by Muralikumar Anantharaman and Shri Navaratnam)

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