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UBS defies market blues with huge rise in profits

This content was published on Feb 22, 2001 In a statement, UBS said the strong performance reflected the group’s increasingly distinct positioning and the quality of its earnings across varied market conditions. Adjusted for significant financial events, net profit was SFr8.132 billion, representing a year-on-year growth of 74 per cent. In a difficult year for the equity markets, UBS’s share price rose 23…