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Japan's SMFG reports 38% drop in H1 net profit

TOKYO, Nov 13 (Reuters) - Sumitomo Mitsui Financial Group Inc (SMFG), Japan’s second-largest lender by assets, on Friday reported a 38% drop in half-year net profit, as revenue declined, reflecting the impact of the coronavirus pandemic.

Net profit came in at 270 billion yen ($2.6 billion) in April-September compared to 432 billion yen a year earlier, the bank said in a stock exchange filing. ($1 = 105.0200 yen) (Reporting by Takashi Umekawa; Editing by David Evans)

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