Preliminary net result attributable to shareholders dropped from a profit of CHF691m for Q4 14 to a loss of CHF5.83bn for Q4 15. Preliminary net result attributable to shareholders switched from a profit of CHF1.9bn for FY2014 to a loss of CHF2.94bn for FY2015. Net revenues were down by 9% to CHF23.8bn for 2015 compared to 2014. Total operating expenses increased by 15% to CHF25.9bn for 2015. The pre-tax result declined from a profit of CHF3.63bn for 2014 to a loss of CHF2.42bn for 2015. RoE
04 Feb 2016
Disastrous Q4 15 results, as expected, due to restructuring measures
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Disastrous Q4 15 results, as expected, due to restructuring measures
- Published:
04 Feb 2016 -
Author:
Dieter Hein -
Pages:
2
Preliminary net result attributable to shareholders dropped from a profit of CHF691m for Q4 14 to a loss of CHF5.83bn for Q4 15. Preliminary net result attributable to shareholders switched from a profit of CHF1.9bn for FY2014 to a loss of CHF2.94bn for FY2015. Net revenues were down by 9% to CHF23.8bn for 2015 compared to 2014. Total operating expenses increased by 15% to CHF25.9bn for 2015. The pre-tax result declined from a profit of CHF3.63bn for 2014 to a loss of CHF2.42bn for 2015. RoE