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Stock impact report

Edited Transcript of GGAL.BA earnings conference call or presentation 12-Nov-19 4:00pm GMT [Yahoo! Finance News]

Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying (GGAL) 
US:NASDAQ Investor Relations: gfgsa.com
Edited Transcript of GGAL.BA earnings conference call or presentation 12-Nov-19 4:00pm GMT --------------------------------------------------------------------------------Operator [3] Ladies and gentlemen, please stand by while we reconnect our speaker. technical difficulty) Pablo Eduardo Firvida, Grupo Financiero Galicia S.A. - Institutional Relations Manager [4] Thank you. Sorry for another technical problem. I was saying that as a result of the political uncertainty, the country risk premium increased significantly and the dollarization of the economy accelerated. As a consequence, the government took emergency measures, including debt reprofiling and capital controls. Turning now to Grupo Financiero Galicia. Net income attributable to Grupo for the third quarter of 2019 amounted to ARS 11.6 billion, a 175% higher than the same quarter of the previous year, mainly due to profits from Banco Galicia for ARS 10.1 billion, from Tarjetas Regionales for ARS 1.1 billion, from Sudamericana Show less Read more
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