Pre-tax profit decreased by 89% to CHF199m for Q2 16 compared to Q2 15 and compared to a loss of CHF484m for Q1 16. Net revenues were down by 27% to CHF5.1bn for Q2 16 compared to Q2 15. Total operating expenses were down by 6% to CHF4.9bn for Q2 16 compared to the same period last year. The net profit attributable to shareholders declined by 84% to CHF170m for Q2 16 compared to Q2 15 and compared to a loss of CHF302m for Q1 16. The net result attributable to shareholders was therefore a loss
28 Jul 2016
Net profit down by 84% yoy but a profit
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Net profit down by 84% yoy but a profit
- Published:
28 Jul 2016 -
Author:
Dieter Hein -
Pages:
2
Pre-tax profit decreased by 89% to CHF199m for Q2 16 compared to Q2 15 and compared to a loss of CHF484m for Q1 16. Net revenues were down by 27% to CHF5.1bn for Q2 16 compared to Q2 15. Total operating expenses were down by 6% to CHF4.9bn for Q2 16 compared to the same period last year. The net profit attributable to shareholders declined by 84% to CHF170m for Q2 16 compared to Q2 15 and compared to a loss of CHF302m for Q1 16. The net result attributable to shareholders was therefore a loss