As well as the trial surrounding UBS, it also posted a net loss of CHF2.17bn in the third quarter on the year before, blaming it on to an impairment charge of CHF3
.1bn that was the cost of changes to its investment banking arm.
The figure missed the expectations of analysts polled by Swiss news agency AWP who expected CHF3
Against this background, the framework agreement with theHungarian Republic foresees the establishment of a fund to provide scholarships for youngHungarian research scientists to Swiss research and development institutions for a total sum of CHF3
This compares to profits made in the same period last year that amounted to CHF3
.9m (EGP 31.44m).
CVC bought Sunrise four years ago, paying CHF3
.3bn for the business.
The redundancy is aimed at saving CHF3
.4bn ([pounds sterling]2.66bn) as it is planning to reduce its investment bank operations.
The agency expects the Swiss company's liabilities to stood at about CHF3
.2bn (USD3.5bn/EUR2.6bn) at the end of 2011.
4 November 2011 - Swiss medical equipment manufacturer Ypsomed (SWF:YPSN) said on Thursday its net profit, enhanced by long-term financial assets sale, rose to CHF7.6m (USD8.6m/EUR6.3m) in the first half of fiscal 2011/12 from CHF3
.4m in the prior-year period.
In September, TDC announced a long-awaited deal to sell its Swiss subsidiary Sunrise Communications AG to funds advised by private equity firm CVC Capital Partners for CHF3
.3bn on a cash and debt free basis.
Swiss pharma group, Roche, has recorded a strong financial performance in 2003, swinging from a loss of CHF4 billion in 2002 to a net profit of CHF3
billion ($2.48 billion).
The SNB's annual report on Swiss banking found that 228 banks in the nation had posted a combined profit of CHF19.6bn, while 38 posted a cumulative loss of CHF3
Advanced generated unaudited revenue of GBP14.6m for the year to end-April 2014, while the unaudited revenue for the portion of Plasticspritzerei that has remained with Halma for fiscal year to end-2013 amounted to CHF3