Barclays Nine-month Profit Rises

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The FINANCIAL — Barclays reported that pretax profit for the nine-month period increased 7 percent to 3.98 billion pounds from 3.72 billion pounds in the prior-year period, according to Nasdaq.

Profit to ordinary equity holders of the parent was 2.03 billion pounds, up 35 percent from 1.51 billion pounds in the year-ago quarter, and earnings per ordinary share grew to 12.4 pence from last year’s 9.4 pence.

Excluding items, adjusted profit before tax was 5.16 billion pounds, compared to last year’s 4.94 billion pounds, reflecting improvements across all core operating businesses.

Adjusted Group attributable profit was 2.94 billion pounds, compared to 2.59 billion pounds in the prior year. Adjusted basic earnings per share were 17.9 pence, compared to 16.1 pence last year.

Total income was 20.19 billion pounds, down from 20.27 billion pounds a year ago.

The lender also reported a 5 percent reduction in total adjusted operating expenses to 12.47 million pounds.

Further, the company said that a third-quarter interim dividend of 1 pence will be paid on December 11, 2015.


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