thewealthnet

Group profit drops 11 percent at LGT

News Team, 11/03/2024

Group profit for LGT totalled CHF 375.3 million for 2023, a decrease of 11 percent compared with the previous year's CHF 420.8 million.

Total operating income increased 11 percent from CHF 2.31 billion in 2022 to CHF 2.57 billion. 

At CHF 1.56 billion, income from services dropped two percent, which the firm attributed to lower income from the brokerage business and a decrease in performance fees.

Net interest income rose 33 percent to CHF 517.2 million...


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