Net result attributable to ordinary shareholders decreased by 7% to CHF57m for FY2015. Operating income was down by 3% to CHF697m for 2015 compared to 2014. Operating expenses rose by 5% to CHF604m in the same period. EFG said that reported profit was impacted by exceptional legal and professional charges and provisions, including a payment of $29.9m for the formal resolution of the US Tax Programme. Pre-tax profit decreased by 10% to CHF72.5m for 2015. Assets under management declined by 1%

22 Feb 2016
Disappointing H2 15 earnings despite profit warning

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Disappointing H2 15 earnings despite profit warning
EFG International AG (0QJX:LON) | 634 0 0.0% | Mkt Cap: 1,984m
- Published:
22 Feb 2016 -
Author:
Dieter Hein -
Pages:
2 -
Net result attributable to ordinary shareholders decreased by 7% to CHF57m for FY2015. Operating income was down by 3% to CHF697m for 2015 compared to 2014. Operating expenses rose by 5% to CHF604m in the same period. EFG said that reported profit was impacted by exceptional legal and professional charges and provisions, including a payment of $29.9m for the formal resolution of the US Tax Programme. Pre-tax profit decreased by 10% to CHF72.5m for 2015. Assets under management declined by 1%