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C » Topics » RESULTS INCLUDE PREVIOUSLY ANNOUNCED CHARGE OF $871 MILLION AFTER-TAX RELATED TO STRUCTURAL EXPENSE REVIEW. EXCLUDING THE CHARGE, INCOME WAS $5.88 BILLION, OR $1.18 PER SHARE

This excerpt taken from the C 8-K filed Apr 16, 2007.

RESULTS INCLUDE PREVIOUSLY ANNOUNCED CHARGE OF $871 MILLION AFTER-TAX
RELATED TO STRUCTURAL EXPENSE REVIEW.  EXCLUDING THE CHARGE,
INCOME WAS $5.88 BILLION, OR $1.18 PER SHARE

New York, NY, April 16, 2007 — Citigroup Inc. (NYSE:C) today reported net income for the 2007 first quarter of $5.01 billion, or $1.01 per share.  Results include a previously disclosed charge of $1.38 billion, or $871 million after-tax, related to a structural expense review conducted during the quarter.  Excluding the charge, net income was $5.88 billion, or $1.18 per share.  Return on common equity was 17.1%.

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