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Lloyds First-Quarter Profit Rises to 628 Million Pounds

May 01, 2012

Lloyds Banking Group Plc (LLOY), Britain’s biggest mortgage lender, said first-quarter profit rose, beating analyst estimates.

Pretax profit, excluding one-time items and asset sales, rose to 628 million pounds ($1 billion) from 284 million pounds in the year-earlier period, the London-based bank said in a statement today. Analysts had predicted a profit of 422 million pounds, according to the median estimate of seven surveyed by Bloomberg.

To contact the reporter on this story: Gavin Finch in London at

To contact the editor responsible for this story: Edward Evans at

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