Former Barclays chief's Atlas Mara group reports $2 mln first-quarter loss

May 26, 2016 7:20 AM

17 0

LONDON May 26 Atlas Mara, the African investment vehicle of ex-Barclays boss Bob Diamond, on Thursday reported a $2 million loss for the first quarter on Thursday, blaming weaker African currencies and a more challenging economic backdrop.

The company said it still aims for its full-year results for 2016 to exceed last year's $11.3 million reported profit despite the difficult market environment.

Also read: Celgene quarterly revenue rises 28 percent as Revlimid shines

Read more

To category page