Net profit attributable to shareholders decreased by 64% to CHF707m for Q1 16 compared to Q1 15. Total operating income declined by 23% to CHF6.8bn for Q1 16 compared to Q1 15. Trading income was down by 53% to CHF1.0bn for Q1 16. The loan provisions were a negligible CHF3m for Q1 16 compared to CHF16m in Q1 15. Total operating expenses were down by 5% to CHF5.85bn in Q1 16. Pre-tax profit decreased by 64% to CHF978m for Q1 16 compared to Q1 15. The tax ratio was around 28% for Q1 16 compared
03 May 2016
Weaker start into FY2016
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Weaker start into FY2016
UBS Group AG (0R3T:LON) | 0 0 0.4% | Mkt Cap: 68,251m
- Published:
03 May 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 64% to CHF707m for Q1 16 compared to Q1 15. Total operating income declined by 23% to CHF6.8bn for Q1 16 compared to Q1 15. Trading income was down by 53% to CHF1.0bn for Q1 16. The loan provisions were a negligible CHF3m for Q1 16 compared to CHF16m in Q1 15. Total operating expenses were down by 5% to CHF5.85bn in Q1 16. Pre-tax profit decreased by 64% to CHF978m for Q1 16 compared to Q1 15. The tax ratio was around 28% for Q1 16 compared