Reported Late Wednesday, Grupo Supervielle Q1 Net Income Of AR$46.5B In Compared To AR$2.2B YoY
$SUPV
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Finance
- The sharp YoY increase in Net Income reflects the successful execution of the Company’s strategic plan implemented in 2022 and 2023 to optimize operations, consolidate businesses, grow in profitable products and increase cross-sell.
- ROAE increased to 33.8% in 1Q24 from 2.0% in 1Q23 and 26.9% in 4Q23. ROAA was 7.4% in 1Q24 compared to 0.3% in 1Q23 and positive 5.3% in 4Q23.
- Profit before income tax increased to AR$72.4 billion in 1Q24 compared to a gain of AR$6.6 billion in 1Q23 and AR$61.2 billion in 4Q23.