Pre-tax profit was up by 57% to CHF1.05bn for Q1 18 compared to Q1 17. Net revenues rose by 2% to CHF5.6bn for Q1 18 compared to Q1 17. Total operating expenses were down by 6% to CHF4.5bn for Q1 18 compared to the same period last year. The tax ratio was 34.3% in Q1 18 compared to 11.6% for Q1 17. The net profit attributable to shareholders increased by 16% to CHF694m for Q1 18 compared to Q1 17. RoE was 6.7% for Q1 17 compared to 5.7% for Q1 17. Assets under management rose by 0.3% to CHF1,
25 Apr 2018
Good Q1 18 results
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Good Q1 18 results
- Published:
25 Apr 2018 -
Author:
Dieter Hein -
Pages:
2
Pre-tax profit was up by 57% to CHF1.05bn for Q1 18 compared to Q1 17. Net revenues rose by 2% to CHF5.6bn for Q1 18 compared to Q1 17. Total operating expenses were down by 6% to CHF4.5bn for Q1 18 compared to the same period last year. The tax ratio was 34.3% in Q1 18 compared to 11.6% for Q1 17. The net profit attributable to shareholders increased by 16% to CHF694m for Q1 18 compared to Q1 17. RoE was 6.7% for Q1 17 compared to 5.7% for Q1 17. Assets under management rose by 0.3% to CHF1,