India, May 3 -- French financial services provider Societe Generale S.A. reported Friday that its first-quarter net profit declined from last year amid nearly stable net revenues. Gross operating income, however, increased from the prior year. In Paris, Societe Generale shares were gaining around 4.4 percent in the morning trading.
Slawomir Krupa, Chief Executive Officer, said, "We are progressing in the execution of our strategic plan. Our operating performance improved thanks to a strong contribution from Global Banking and Investor Solutions and solid revenues from International Retail Banking..... Costs are under control, in line with the trajectory presented at our Capital Markets Day.... These first positive results demonstrate the m...