The reported net profit jumped from CHF40m for H1 15 to CHF362m for H1 16. Interest and dividend income rose by 33% to CHF510m in H1 16. Net commission and fee income declined by 14% to CHF739m for H1 16 compared to H1 15. Trading income was down by 46% to CHF118m in the same period. Operating income increased slightly by 1% to CHF1.42bn for H1 16 compared to H1 15. Personnel expenses were flat at CHF632m for H1 16. General expenses declined by 53% to CHF288m in H1 16 compared to H1 15 which
25 Jul 2016
Expected strong profit increase
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Expected strong profit increase
The reported net profit jumped from CHF40m for H1 15 to CHF362m for H1 16. Interest and dividend income rose by 33% to CHF510m in H1 16. Net commission and fee income declined by 14% to CHF739m for H1 16 compared to H1 15. Trading income was down by 46% to CHF118m in the same period. Operating income increased slightly by 1% to CHF1.42bn for H1 16 compared to H1 15. Personnel expenses were flat at CHF632m for H1 16. General expenses declined by 53% to CHF288m in H1 16 compared to H1 15 which