Argentina's Grupo Financiero Galicia 1st-qtr profit tops estimates

Reuters

BUENOS AIRES, May 8 (Reuters) - Argentine banking conglomerate Grupo Financiero Galicia reported first-quarter net profit of 830.7 million pesos ($103.8 million) on Thursday, up from 298.9 million pesos in same quarter of 2013.

The figure was well above market expectations. A Reuters poll of four analysts had put the company's first quarter net income at 590 million pesos.

(Reporting by Alejandro Lifschitz; Editing by Jeffrey Benkoe)

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