EFG released a statement in which it comments on business performance. Net new asset growth was 8% on an annualised basis during the period July to October 2015. Revenue-generating Assets under Management were CHF83.4bn at end-October, up from CHF80.2bn at end-June 2015. EFG said that operating income and the revenue margin remain below expectations, as in the first half of 2015. As a result, underlying net profit will be lower than the level attained in the first half. EFG International reco
23 Nov 2015
Profit warning for H2 15
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Profit warning for H2 15
EFG International AG (0QJX:LON) | 634 0 0.0% | Mkt Cap: 1,981m
- Published:
23 Nov 2015 -
Author:
Dieter Hein -
Pages:
2
EFG released a statement in which it comments on business performance. Net new asset growth was 8% on an annualised basis during the period July to October 2015. Revenue-generating Assets under Management were CHF83.4bn at end-October, up from CHF80.2bn at end-June 2015. EFG said that operating income and the revenue margin remain below expectations, as in the first half of 2015. As a result, underlying net profit will be lower than the level attained in the first half. EFG International reco