Informer
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- Jul 29, 2006
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July 28, 2017
Barclays reported a £1.2 billion ($1.57 billion) attributable loss for the first half of the year, as it suffered a loss on the sale of its Africa business.
The lender reported a £1.4 billion loss on the sale of 33% of Barclays Africa Group, and a further 1.1 billion pound impairment charge on the sale.
Barclays on Friday posted a half-year profit before tax of £2.3 billion compared with £2 billion for the same period a year ago, before the impact of the Africa sale was included.
That was worse than the £2.7 billion average estimate of analysts’ forecasts compiled by the bank.
Barclays reported a £1.2 billion ($1.57 billion) attributable loss for the first half of the year, as it suffered a loss on the sale of its Africa business.
The lender reported a £1.4 billion loss on the sale of 33% of Barclays Africa Group, and a further 1.1 billion pound impairment charge on the sale.
Barclays on Friday posted a half-year profit before tax of £2.3 billion compared with £2 billion for the same period a year ago, before the impact of the Africa sale was included.
That was worse than the £2.7 billion average estimate of analysts’ forecasts compiled by the bank.
