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Barclays Q1 2017 Results
Jes Staley speaks during a panel discussion at the Institute of International Financial (IIF) annual meeting in Washington September 25, 2011.
Reuters
LONDON - Barclays reported a revenue rise of 16% in the particular first three months of 2017, doubling pre-tax profits.
Revenue increased to?. 8 billion from? billion a year previously.
Pre-tax profit soared to?. 6 billion dollars from? 93 million. Typically the bank took a? 58 million hit on typically the disposal of its Cameras operations which halved the bank`s "attributable profit" from? 33 million to? ninety days million
"This has already been another quarter of strong progress towards the completion of the restructuring of Barclays, " CEO Jes Staley said Bankruptcy Lawyers, http://www.westlondonlaw.com/site/bankruptcy, inside a statement on Friday.
"Group income before tax more than doubled compared to Q1 associated with 2016, and our Primary businesses continued to carry out well, producing a combined Return on Tangible Equity of 11%, on a good average tangible equity foundation that is? bn increased year-on-year. Within that, Barclays UK`s and Barclays International`s RoTEs both improved to 21. 6% and twelve. 5% respectively. "
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