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Losses rack up at GAM following legacy issues

News Team, 25/01/2023

GAM Holding AG expects to report a pre-tax loss of CHF 42.8 million in the full year 2022.

This is a 345 percent increase on the CHF 9.6 million pre-tax loss recorded a year earlier.

The firm also expects to report an IFRS net loss post-tax of approximately CHF 309.9 million.

This is primarily due to the impairment of legacy brand value...


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