Colombia's Grupo Aval posts 23.2% decrease in Q3 net profit
Source: Reuters
Nov 16 (Reuters) - Colombian financial conglomerate Grupo Aval (GAA.CN) reported third quarter net profit down 23.2% from a year earlier on Wednesday, landing at 929.8 billion pesos ($193.4 million), citing a higher effective tax rate and increased costs.The company said interest income for the three months ending Sept. 30 grew 62.2% to 5.213 trillion pesos.The conglomerate's portfolio includes Colombian banks…
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