LONDON-- Atlas Mara Ltd. (ATMA.LN), the Africa-focused financial services group co-founded by former Barclays PLC (BARC.LN) Chief Executive Bob Diamond, Tuesday reported a reduced net profit for the first nine months of the year as expenses increased.

Net profit for the three months ended September 30 fell to $4 million from $7.1 million the previous year, on total income up to $177.1 million from $154.4 million. The company said its results included an adverse impact of $5.2 million from currency depreciation.

"Although uncertainty around the economic environment, exchange rates and monetary policies in our markets make near term forecasts difficult, we expect the improving operational momentum in our business that has been a feature of 2016 to continue," the company said.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

October 25, 2016 03:10 ET (07:10 GMT)

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