2/18/2022, 8:07 AM (Source: TeleTrader)
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NatWest's Q4 total income up by 7.5% to £2.58 billion

NatWest Group PLC announced on Friday that its revenue in the fourth quarter of the fiscal year 2021 observed an annual rise of 7.5% to reach £2.58 billion. Its operating profit improved from losses recorded in the same trimester year before to gains of £635 million. Meanwhile, the group's diluted earnings per share (EPS) upgraded from losses per share of 0.9 pence per share to 3.8 pence.

In the entire fiscal year, the bank's total income remained virtually unchanged, going up by 0.03% to £10.51 billion. Its operating profit ameliorated from losses of £481 million registered in the same period the previous year to £4.03 billion. The firm's EPS came in at 25.3 pence, improving from losses per share of 6.2 pence registered in the fourth quarter in 2020.

"NatWest Group delivered a strong performance in 2021 as we returned to profitability. [...] We are acutely aware of the challenges that many people, families and businesses continue to face up and down the country and are working alongside our customers to provide the support they need [...] as well as playing a leading role in the transition to net zero," NatWest Chief Executive Officer (CEO) Alison Rose commented on the results.

Baha Breaking News (BBN) / JR