TCS Group’s IFRS net profit rises 33% to 36 bln rbl in 2019

MOSCOW, Mar 11 (PRIME) --The net profit of Russia’s TCS Group, which includes Tinkoff Bank and Tinkoff Insurance, increased by 33% on the year to 36.1 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Wednesday.

The company’s return on equity fell by 18.8 percentage points to 55.9% in 2019, and net interest margin contracted by 1.9 percentage points to 21.6%.

For further details, see the company’s statement on its official website:

https://www.tinkoff.ru/eng/media/news/11032020-tcs-group-holding-plc-fin-results-fy-2019-eng/

(72.0208 rubles – U.S. $1)

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