Credit Agricole S.A. Consolidated Results.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Credit Agricole S.A.
Results for first nine months of 2004
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-- Gross operating income EUR 2,895 million (+7.3%)
-- Net income - Group share:
before goodwill and
integration-related costs EUR 2,407 million (+46.4%)
after goodwill and
integration-related costs EUR 1,728 million (+54.8%)
Annualised ROE: 13.75% (+4 percentage points)
Third-quarter 2004 results
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-- Net income - Group share:
before goodwill and
integration-related costs EUR 874 million (+51.5%)
after goodwill and
integration-related costs EUR 653 million (+70.9%)
Payment, on 16 December 2004, of an advance on the next dividend
of EUR 0.30 per share
The results for the first nine months of 2004 confirm the positive earnings momentum achieved in the first half, with gross operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. up 7.3% year-on-year to EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2,895 million and pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta ordinary profit up 38.1% to EUR 3,366 million. In third-quarter 2004 alone, gross operating income increased by 4.6% year-on-year, pre-tax ordinary income by 36.9% and net income (Group share) by 70.9%. During the third quarter, the Group pressed ahead with its Credit Lyonnais integration process. The synergies achieved (EUR 300 million at end-September) are ahead of schedule, mainly due to measures taken in the Calyon subsidiary. Despite a less buoyant Buoyant The term used to describe a commodities market where the prices generally rise with ease when there are considerable signals of strength. Notes: These types of markets can be very volatile as the prices are rapid to rise and fall with investor sentiment. environment and a background of in-depth group restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). , the nine-month results reflect the improved contribution from all business lines. The Board of Directors has decided to distribute an advance on the next dividend of EUR 0.30 per share (EUR 0.45 after the tax credit), payable on 16 December 2004. Credit Agricole S.A. Consolidated Results Credit Agricole S.A.'s net income (Group share) for the first nine months of 2004 came to EUR 1,728 million, up 54.8% on the year-earlier period. This performance mainly stems from an improvement in operating income, risk-related costs and the contribution from equity affiliates. Gross operating income totalled EUR 2,895 million, up 7.3% on the first nine months of 2003. The cost/income ratio fell by a further 2 percentage points to 69.0%. Risk-related costs came to EUR 434 million, a sharp decrease of 46.1% on the first nine months of 2003. The contribution from equity affiliates rose by 30.1% to EUR 803 million. Net income - Group share, before goodwill amortisation Noun 1. amortisation - the reduction of the value of an asset by prorating its cost over a period of years amortization reduction, step-down, diminution, decrease - the act of decreasing or reducing something 2. and integration-related costs, increased by 46.4% to EUR 2,407 million, giving an annualised ROE A fictitious surname used for an unknown or anonymous person or for a hypothetical person in an illustration. A lawsuit is generally named for the persons who are parties to it. of 13.75% (up 4 percentage points year-on-year). |
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