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Financials

Japan's SMFG third-quarter net profit drops 8.4%

TOKYO, Feb 2 (Reuters) - Sumitomo Mitsui Financial Group Inc (SMFG), Japan’s second-largest lender by assets, reported on Tuesday a 8.4% drop in third-quarter net profit.

SMFG posted a profit of 163.8 billion yen ($1.56 billion) for the three months through December compared with 178.9 billion yen in the year-ago period, according to Reuters calculations based on nine-month cumulative figures disclosed in an exchange filing. ($1 = 104.9900 yen) (Reporting by Takashi Umekawa; Editing by Christian Schmollinger)

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