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Barclays H1 Profit Down, Income Rises; Plans Up To £500 Mln Buybackm - Quick Facts

Banking major Barclays Plc (BARC.L,BCS) reported Thursday that its first-half profit before tax declined 24 percent to 3.73 billion pounds from last year's 4.90 billion pounds.

Attributable profit was 2.48 billion pounds, down 34 percent from 3.75 billion pounds a year ago.

Total income for the first half, including the impacts of Over-issuance of Securities, grew 17 percent to 13.20 billion pounds from last year's 11.32 billion pounds.

Excluding the impact of Over-issuance of Securities, group income was up 10 percent year-on-year.

Net operating income was 12.86 billion pounds, up 7 percent from prior year's 12.06 billion pounds.

Further, the company announced a half year dividend of 2.25p per share and an intention to initiate a further share buyback of up to 500 million pounds.

Looking ahead, Barclays continues to target a RoTE of greater than 10 percent in 2022.

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