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BCS Barclays PLC

11.12
0.18 (1.65%)
18 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Barclays PLC NYSE:BCS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.18 1.65% 11.12 11.14 11.02 11.03 5,822,886 01:00:00

Atlas Mara 3Q Net Profit Falls

25/10/2016 8:25am

Dow Jones News


Barclays (NYSE:BCS)
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From May 2019 to May 2024

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LONDON-- Atlas Mara Ltd. (ATMA.LN), the Africa-focused financial services group co-founded by former Barclays PLC (BARC.LN) Chief Executive Bob Diamond, Tuesday reported a reduced net profit for the first nine months of the year as expenses increased.

Net profit for the three months ended September 30 fell to $4 million from $7.1 million the previous year, on total income up to $177.1 million from $154.4 million. The company said its results included an adverse impact of $5.2 million from currency depreciation.

"Although uncertainty around the economic environment, exchange rates and monetary policies in our markets make near term forecasts difficult, we expect the improving operational momentum in our business that has been a feature of 2016 to continue," the company said.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

October 25, 2016 03:10 ET (07:10 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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