Increased revenue from equity derivatives and the sale of a stake in Euronext NV has helped, Societe Generale to record a 33 per cent increase in second-quarter profits.
The Paris-based company’s profit during the quarter rose to $2.38 billion, up from $1.83 for the same period last year.
SocGen’s performance was marked a 17 per cent increase in income from investment banking to $2.84 billion from the year ago period’s figure of $2.43 billion.
Meanwhile, the sale of the firm’s Euronext share to the NYSE group netted $321 million. However, even without the one-off gain profit was up 14 per cent to $2.04 billion. Revenue stood at $9.04 billion – a rise of 16 per cent.