The pre-tax result was a profit of CHF670m for Q1 17 compared to a loss of CHF484m for Q1 16. Net revenues were up by 19% to CHF5.5bn for Q1 17 compared to Q1 16. Total operating expenses were down by 3% to CHF4.8bn for Q1 17 compared to the same period last year. The net result attributable to shareholders was a profit of CHF596m for Q1 17 compared to a loss of CHF302m for Q1 16. RoE was 5.7% for Q1 17 compared to -2.6% for Q1 16. Assets under management were up by 4% to CHF1,304bn in Q1 17
26 Apr 2017
Return to profit in Q1 17 and capital increase announced
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Return to profit in Q1 17 and capital increase announced
- Published:
26 Apr 2017 -
Author:
Dieter Hein -
Pages:
2
The pre-tax result was a profit of CHF670m for Q1 17 compared to a loss of CHF484m for Q1 16. Net revenues were up by 19% to CHF5.5bn for Q1 17 compared to Q1 16. Total operating expenses were down by 3% to CHF4.8bn for Q1 17 compared to the same period last year. The net result attributable to shareholders was a profit of CHF596m for Q1 17 compared to a loss of CHF302m for Q1 16. RoE was 5.7% for Q1 17 compared to -2.6% for Q1 16. Assets under management were up by 4% to CHF1,304bn in Q1 17