March 11, 2020 / 7:18 AM / 20 days ago

Russia's TCS Group 2019 net profit up 33% y/y

MOSCOW, March 11 (Reuters) - Russian lender TCS Group Holding said on Wednesday its net profit rose 33% to 36.1 billion roubles ($505.83 million) in 2019.

The group said that it had recorded a net profit of 11.0 billion roubles in the fourth quarter of 2019, up 36% year on year.

It also said that it had approved a first interim gross cash dividend of $0.21 per share/GDR for 2020.

$1 = 71.3680 roubles Reporting by Andrey Kuzmin and Alexander Marrow; Writing by Gabrielle Tétrault-Farber; Editing by Andrey Ostroukh

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