Brief: GAM Holding H1 Net Loss Of CHF 71.2 Million

Gam Holding AG

03/08/2023 06:03

Aug 3 (Reuters) - GAM Holding AG  GAMH.S :
    * AD HOC ANNOUNCEMENT: GAM HOLDING AG ANNOUNCES FIRST HALF
2023
RESULTS
    * GAM HOLDING AG - TOTAL ASSETS UNDER MANAGEMENT (AUM) WERE
CHF
68.0 BILLION AS AT 30 JUNE 2023
    * GAM HOLDING AG - REDUCTION IN INVESTMENT MANAGEMENT AUM
WAS
DRIVEN BY NET OUTFLOWS OF CHF 2.2 BILLION OFFSET BY POSITIVE
MARKET MOVEMENT AND FOREIGN EXCHANGE MOVEMENTS OF CHF 0.9
BILLION
    * GAM HOLDING AG - H1 UNDERLYING LOSS BEFORE TAX WAS CHF
22.5
MILLION COMPARED TO CHF 15.4 MILLION FOR FIRST HALF OF 2022.
    * GAM HOLDING AG - H1 IFRS NET LOSS WAS CHF 71.2 MILLION
COMPARED
TO CHF 275.2 MILLION FOR FIRST HALF OF 2022.

Source text for Eikon:  ID:nGNE72hs12 
Further company coverage:  GAMH.S 

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