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![CITIGROUP INC [C] reports annual net loss of $9.2 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FC.png&w=1200&q=75)
CITIGROUP INC [C] has reported a net loss of $9.2 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $78.5 billion
Based in NEW YORK, New York, CITIGROUP INC operates in the FINANCE sector.
In the consolidated statement of income for the period ending December 31, 2023, significant financial figures show notable changes compared to the same period in the previous years.
Revenues for the current period amounted to $133.3 million, marking a substantial increase from $74.4 million in the same period of 2022 and $50.5 million in 2021.
Costs and expenses also exhibited variations. The cost of goods sold or operating income for the current period stood at $56.4 million, up from $51.3 million in the prior year.
Net income for the period ending December 31, 2023, reached $9.2 million, a decline from $14.8 million in the prior year and $22.0 million in 2021.
Earnings per share for the current period were $4.07 for basic and $4.04 for diluted, down from $7.16 and $7.11 in the previous year, respectively. This indicates a decrease in profitability on a per-share basis.
The weighted-average common shares outstanding were 1,930.1 million for the current period, slightly lower than 1,946.7 million in the prior year.
These financial indicators reflect a mixed performance for the company, with revenue growth but a decrease in net income and earnings per share compared to the previous period.
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