Pre-tax profit was CHF59m for H1 15 compared to CHF2m for H1 14 and dropped by 25% compared to H2 14. Operating income was up by 3% to CHF353m for H1 15. Operating expenses rose by 7% to CHF296m in H1 15. EFG was impacted by litigation provisions of CHF64m for H1 14, of which CHF33.7m in litigation-related charges and provisions, including CHF26.3m related to the outcome of a long-standing legal action in Switzerland and CHF30m in relation to the US Tax Programme. The net result attributable
29 Jul 2015
Disappointing H1 15 figures
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Disappointing H1 15 figures
EFG International AG (0QJX:LON) | 634 0 0.0% | Mkt Cap: 1,981m
- Published:
29 Jul 2015 -
Author:
Dieter Hein -
Pages:
2
Pre-tax profit was CHF59m for H1 15 compared to CHF2m for H1 14 and dropped by 25% compared to H2 14. Operating income was up by 3% to CHF353m for H1 15. Operating expenses rose by 7% to CHF296m in H1 15. EFG was impacted by litigation provisions of CHF64m for H1 14, of which CHF33.7m in litigation-related charges and provisions, including CHF26.3m related to the outcome of a long-standing legal action in Switzerland and CHF30m in relation to the US Tax Programme. The net result attributable