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Grupo Financiero Galicia Q3 net income slips

Posted on: Thu, 12 Nov 2009 05:02:00 EST

Symbols: GGAL

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Nov 12, 2009 (Datamonitor via COMTEX) --
GGAL | Quote | Chart | News | PowerRating -- Grupo Financiero Galicia has reported a net income of ARS51.3 million, or ARS0.04 per share, for the third quarter ended September 30, 2009, compared to ARS66.3 million, or ARS0.05 per share, for the third quarter ended September 30, 2008.

According to Grupo Financiero Galicia, the result was mainly attributable to the income derived from its interests in Banco de Galicia y Buenos Aires, Sudamericana Holding and Galicia Warrants partially offset by financial expenses and administrative expenses of ARS8.4 million.

Total assets as of September 30, 2009 were ARS26.36 billion versus ARS24.5 billion as of September 30, 2008.

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