logo
Share SHARE
FONT-SIZE Plus   Neg

Allied Irish Banks 2011 Pre-tax Loss Narrows - Quick Facts

Allied Irish Banks Plc (AIBYY.PK,ALBK.L) reported 2011 pre-tax loss of 5.11 billion euros, narrower than 12.07 billion euros last year.

Loss attributable to owners was 2.31 billion euros versus a loss of 10.23 billion euros a year ago. On a per share basis, loss narrowed to 0.9 cents from the prior year's 564.0 cents.

Loss per share from continuing operations was 1.6 cents versus loss per share of 571.1 cents in the preceding year.

Net interest income declined to 1.35 billion euros from 1.84 billion euros last year, due to higher Eligible Liabilities Guarantee scheme costs, margin compression and reduced interest earning loan volumes. Net interest margin declined to 1.03% in 2011 from 1.31% in 2010.

Looking ahead, the company's plan to return to profitability by 2014 remains on target.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The holiday throng seeking to take a flight out to their preferred destinations at the at New York's Kennedy International Airport ahead of the Memorial Day holiday were in for a rude shock. Technology played a spoilsport, as a computer system broke down Sunday evening at a terminal, causing flight delays and cancellations that resulted in manual check-in process for thousands of holiday passeng The month of May saw the FDA greenlight 5 new drugs, including 1 new molecular entity, and surprisingly turn down 1 drug candidate, whose approval was considered a no-brainer by some experts. Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology.
comments powered by Disqus
Follow RTT