Bloomberg News

SG-SSB of Ghana Rises Most in Three Months as Profit Increased

April 27, 2012

SG-SSB Ltd. (SGSSB) of Ghana, a unit of French lender Societe Generale SA, gained the most in three months, after saying first-quarter profit rose 75 percent.

The stock gained 2.5 percent to 41 pesewas as of the close in Accra, the biggest jump since Jan. 26.

Net income rose to 5.84 million cedis ($3.2 million), while net interest income increased to 17.3 million cedis in the three months from 16.3 million cedis in the same period a year earlier, the bank said yesterday.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.


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