Preliminary net result attributable to shareholders was a loss of CHF2.13bn for Q4 17 compared to a loss of CHF2.62bn for Q4 16 and a loss of CHF5.8bn for Q4 15. The preliminary net loss attributable to shareholders was CHF983m for FY2017 compared to a loss of CHF2.71bn for FY2016. FY2017 was burdened by a write-down of around CHF2.3bn as a non-cash tax charge in the group’s consolidated results for Q4 17 due to a valuation adjustment on its US Deferred Tax Assets (DTA) and FY2016 suffe
14 Feb 2018
Again, disastrous Q4 results, as expected, this time due to US tax reform
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Again, disastrous Q4 results, as expected, this time due to US tax reform
- Published:
14 Feb 2018 -
Author:
Dieter Hein -
Pages:
3
Preliminary net result attributable to shareholders was a loss of CHF2.13bn for Q4 17 compared to a loss of CHF2.62bn for Q4 16 and a loss of CHF5.8bn for Q4 15. The preliminary net loss attributable to shareholders was CHF983m for FY2017 compared to a loss of CHF2.71bn for FY2016. FY2017 was burdened by a write-down of around CHF2.3bn as a non-cash tax charge in the group’s consolidated results for Q4 17 due to a valuation adjustment on its US Deferred Tax Assets (DTA) and FY2016 suffe