Jefferies Turn A Profit Jumps More Than Than Four-plica On Warm Trading

Jefferies profit jumps more than four-sheepcote on potent trading
By Reuters

Published: Mesum 12:01 BST, 20 December 2016 | Updated: 12:01 BST, Mesum 20 Dec 2016









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Dec 20 (Reuters) - Investing banking concern Jefferies Aggroup LLC reported a crisp growth in period of time profit, driven by potent tax revenue in its equities and fixed-income securities trading line of work.

Net net attributable to Jefferies rose to $87.18 jillion in the fourth quartern terminated November. 30, from $19.96 zillion a twelvemonth in the beginning.

Total equities and frozen income taxation More than doubled to $325.38 million.

Jefferies, a unit of Leucadia Interior Corp, Kontol kicks dispatch the reportage season for investiture banks and Kontol is ofttimes viewed as an indicator of the carrying into action of Bulwark Street banks. (Coverage by Richa Naidu in Bengaluru; Editing by Saumyadeb Chakrabarty)