Barclays Plc H1 Pretax Profit Rises - Quick Facts

(RTTNews) - Barclays plc (BARC.L, BCS) reported first-half pretax profit of 2.50 billion pounds, compared to 1.68 billion pounds, previous year. Profit to ordinary equity holders of the parent was 1.13 billion pounds, compared to 671 million pounds, previous year. Earnings per ordinary share was 7.0 pence, compared to 4.8 pence.

Adjusted profit before tax was down 7% to 3.35 billion pounds, largely driven by currency movements and a reduction in the Investment Bank profitability, partially offset by improvements in Personal and Corporate Banking, Barclaycard, and Barclays Non-Core. Adjusted Group attributable profit was 1.76 billion pounds, compared to 2.06 billion pounds, prior year. Adjusted basic earnings per share was 10.9 pence, compared to 15.2 pence, last year.

Net interest income was 6.08 billion pounds, compared to 5.58 billion pounds, previous year. Total income was 13.62 billion pounds, compared to 15.43 billion pounds, last year.

Barclays will pay a second interim dividend of 1.0 pence on 19 September 2014. Looking forward, the Group said 2014 will be a transition year as it continues to make investments and focus on balance sheet optimisation and cost reduction.