Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Man Group Slips To Half-year Loss - Quick Facts

7/24/2012 2:32 AM ET

Man Group Plc (EMG.L,MNGPY.PK,MNGPF.PK) posted half-year statutory pre-tax loss of $164 million, compared with a profit of $70 million last year, with adjusted pre-tax profit on continuing operations falling to $121 million from $231 million a year before.

Statutory loss for the period attributable to owners of the parent was $176 million, as against a profit of $60 million in 2011. Half-yearly loss per share totaled 10.6 cents, versus 2.6 cents profit in the previous year.

Adjusted earnings per share were 4.8 cents, lower than 9.8 cents in the comparable period in 2011.

Revenue for the six months slipped to $657 million from $890 million in the prior-year period.

Click here to receive FREE breaking news email alerts for Man Group Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Analog Devices, Inc. said that its second quarter profit rose slightly from last year, helped mainly by lower income tax expenses even as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations. However, the company forecast third quarter revenue and earnings below analysts' current consensus estimates. While buying interest was relatively subdued, stocks moved modestly higher over the course of the trading day on Tuesday. The strength on the day offset the weakness seen in the previous session, with the Dow and the S&P 500 reaching new record closing highs. The major averages gave back some ground in late-day trading but remained in positive territory.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.