Pre-tax profit increased by 80% to CHF400m for Q3 17 compared to (low) CHF222m for Q3 16. Net revenues were down by 8% to CHF5.0bn for Q3 17 compared to Q3 16. Total operating expenses declined by 11% to CHF4.54bn for Q3 17 compared to the same period last year. The tax ratio decreased from high 83% for Q3 16 to 38% for Q3 17. The net result attributable to shareholders was thus up from CHF41m for Q3 16 to CHF244m for Q3 17. RoE was 2.2% for Q3 17 compared to 0.4% for Q3 16. Assets under mana
02 Nov 2017
Revenues decrease and improved profit figures in Q3
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Revenues decrease and improved profit figures in Q3
- Published:
02 Nov 2017 -
Author:
Dieter Hein -
Pages:
2
Pre-tax profit increased by 80% to CHF400m for Q3 17 compared to (low) CHF222m for Q3 16. Net revenues were down by 8% to CHF5.0bn for Q3 17 compared to Q3 16. Total operating expenses declined by 11% to CHF4.54bn for Q3 17 compared to the same period last year. The tax ratio decreased from high 83% for Q3 16 to 38% for Q3 17. The net result attributable to shareholders was thus up from CHF41m for Q3 16 to CHF244m for Q3 17. RoE was 2.2% for Q3 17 compared to 0.4% for Q3 16. Assets under mana