SMFG reports $4.86b profit for H1 FY2024

Earnings per share (diluted) is JPY184.72 for the period.

Sumitomo Mitsui Financial Group (SMFG) reported a profit attributable to owners of $4.68b (JPY725.17b) in the first six months of FY2024 that ended on 30 September 2024, 37.7% year-on-year (YoY) higher, its latest financial statement showed.

Ordinary income was $34.09b (FY5.28t) for H1, 17.7% YoY higher compared to the same period in FY2023.

Earnings per share (diluted) is $1.19 (JPY184.72) for H1, higher than the $0.85 (JPY131.43) given out in H1 FY2023.

SMFG forecasts that it will earn $7.49b (JPY1.16t) in profit attributable to owners for the whole of FY2024. If hit, this will be 20.5% YoY higher than FY2023.

Forecasted earnings per share for FY2024 is $1.94 (JPY299.94).