Pre-tax profit increased from CHF234m for Q4 15 to CHF848m for Q4 16. Total operating income was up by 4% to CHF7.06bn for Q4 16 compared to Q4 15. Total operating expenses declined by 5% to CHF6.2bn compared to Q4 15. UBS benefited from a tax income of CHF715m in Q4 15 whereas the tax expense was CHF109m in Q4 16. Net profit attributable to shareholders decreased therefore by 22% to CHF738m for Q4 16 compared to Q4 15 due to the significant tax swing. Net profit attributable to shareholders
27 Jan 2017
Q4 results much ahead of consensus and in line with our expectations
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Q4 results much ahead of consensus and in line with our expectations
UBS Group AG (0R3T:LON) | 0 0 0.4% | Mkt Cap: 68,251m
- Published:
27 Jan 2017 -
Author:
Dieter Hein -
Pages:
3
Pre-tax profit increased from CHF234m for Q4 15 to CHF848m for Q4 16. Total operating income was up by 4% to CHF7.06bn for Q4 16 compared to Q4 15. Total operating expenses declined by 5% to CHF6.2bn compared to Q4 15. UBS benefited from a tax income of CHF715m in Q4 15 whereas the tax expense was CHF109m in Q4 16. Net profit attributable to shareholders decreased therefore by 22% to CHF738m for Q4 16 compared to Q4 15 due to the significant tax swing. Net profit attributable to shareholders