LONDON-- Atlas Mara Ltd (ATMA.LN), the African financial services company whose chairman is former Barclays PLC (BARC.LN) chief executive Bob Diamond, Friday reported a fall in full year pretax profit as acquisition and other costs grew.

The company reported a pretax profit of $9.4 million for calendar year 2016, down from $19.2 million the previous year on total income up to $241.7 million from $205.1 million.

Mr. Diamond said the company is targeting 2017 reported earnings to more than double from 2016.

Shares at 0736 GMT, unchanged at 215 pence valuing the company at GBP166.5 million.

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

(END) Dow Jones Newswires

March 31, 2017 03:53 ET (07:53 GMT)

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