Lloyds Banking Group Q1 Profit Rises - Quick Facts

(RTTNews) - Lloyds Banking Group plc (LLOY.L, LYG) reported first-quarter statutory profit before tax of 1.30 billion pounds compared to 654 million pounds, previous year. Profit for the period increased to 890 million pounds or 1.1 pence per share from 531 million pounds or 0.6 pence per share, prior year. Profit attributable to ordinary shareholders increased to 766 million pounds from 405 million pounds.

First-quarter underlying profit was 2.08 billion pounds compared to 2.05 billion pounds, 1 percent higher, with higher total income, a further reduction in operating costs and lower impairment charges. First-quarter net interest income decreased to 2.36 billion pounds from 2.76 billion pounds, previous year. Total income, net of insurance claims, was 4.39 billion pounds compared to 3.37 billion pounds.