LEONTEQ ANNOUNCES 2017 HALF-YEAR RESULTS
(WorldNews Switzerland)

Leonteq AG (SIX: LEON), the independent technology and service provider for investment solutions, today announced a return to profitability in the first half of 2017. Financial performance was characterized by strong growth in fee income following the resolution of important operational issues with key platform partners, coupled with the rigorous execution of the announced cost reduction program and negative hedging synergies due to historically low volatility levels. Despite the weak start to the year, Leonteq increased its total operating income to CHF 100.2 million in the first half of 2017, up 14% compared with the second half of 2016. Net fee income grew to CHF 119.4 million, up 19%...