Article: UBS reports 2004 net profit of CHF 8,089 million and fourth quarter net profit of CHF 2,021 million.

ZURICH/BASEL -- UBS (NYSE:UBS):

 
Quarter ended % change 
from 
---------------------------- --------- 
CHF million, except where3Q04 4Q03 
 indicated  31.12.04  30.9.04  31.12.03 
---------------------------------------------------------------------- 
Operating income  11,142   10,148 8,538   10   30 
Operating expenses 8,4137,887 6,3037   33 
Net profit 2,0211,671 1,808   21   12 
 
Financial Businesses 
 
Operating income   ...

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