The pre-tax result was a loss of CHF484m for Q1 16 compared to a profit of CHF1.51bn for Q1 15. Net revenues were down by 30% to CHF4.6bn for Q1 16 compared to Q1 15. Total operating expenses were down by 3% to CHF5.0bn for Q1 16 compared to the same period last year. The net result attributable to shareholders was a loss of CHF302m for Q1 16 compared to a profit of CHF1.05bn for Q1 15. RoE was -2.6% for Q1 16 compared to +9.9% for Q1 15. Assets under management were down by 3% to CHF1,181bn
10 May 2016
Disappointing Q1 figures
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Disappointing Q1 figures
- Published:
10 May 2016 -
Author:
Dieter Hein -
Pages:
2
The pre-tax result was a loss of CHF484m for Q1 16 compared to a profit of CHF1.51bn for Q1 15. Net revenues were down by 30% to CHF4.6bn for Q1 16 compared to Q1 15. Total operating expenses were down by 3% to CHF5.0bn for Q1 16 compared to the same period last year. The net result attributable to shareholders was a loss of CHF302m for Q1 16 compared to a profit of CHF1.05bn for Q1 15. RoE was -2.6% for Q1 16 compared to +9.9% for Q1 15. Assets under management were down by 3% to CHF1,181bn