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UBS 2011 profit 4.2bn Swiss francs, down on 2010

Published Updated

ubsGENEVA: Swiss banking giant UBS on Tuesday posted a net profit of 4.2 billion Swiss francs for 2011, down 44 percent on the previous year.

 

In the fourth quarter, net profit reached 393 million francs, compared to 1.7 billion in the same period in 2010.

 

Copyright AFP (Agence France-Presse), 2012

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