The Telegram - News - Canada - World - Business

Article

Print
Send to a friend
Comment (0)

Barclays reports 9 pct gain in H1 adjusted profit boosted by lower costs and small income gain

Published on July 27, 2012; Published on July 27, 2012

Topics :: Barclays PLC , LONDON

LONDON - Barclays PLC has reported a 9 per cent gain in adjusted net profit in the first half of the year thanks to lower operating costs and modest growth in income.

The bank said Friday that adjusted net profit for the six months ending June 30 was 3.1 billion pounds ($4.9 billion) compared to 3.7 billion pounds a year earlier.

Revenue net of insurance claims was up 1 per cent to 15.5 billion pounds.

Adjusted pretax profit of 4.2 billion pounds beat the analysts' consensus of 3.8 billion pounds.

The adjusted figures excluded the impact of a 3 billion pounds loss charged to own credit in the first half and an own credit gain of 2.6 billion pounds a year earlier.

©

Rate
Top of the page

Submit a comment

Submit a comment Your name* Email* (we keep all emails private) Write your comment here*

Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.