EFG International posts 54 pct drop in H1 net profit

July 27, 2016 5:27 AM

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ZURICH, July 27 Swiss private bank EFG International on Wednesday posted a 53.5 percent year-on-year drop in first-half net profit, a smaller decline than analysts had forecast.

Zurich-based EFG said net profit for the first six months of 2016 stood at 22.3 million Swiss francs ($22.5 million) from 48 million francs a year earlier, ahead of the Reuters poll average estimate of 19 million francs.

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