euro adhoc: Fortune Management Inc.
Financial Figures/Balance Sheet
Fortune
Management Inc.: Half-year profit rises to 11,793 TEUR
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
25.09.2006
Ad hoc Release
pursuant to § 15 WpHGFortune Management Inc.: Half-year profit rises to 11,793 TEUR
Zug/Switzerland, 25 September 2006 - Fortune Management Inc. (General Standard, ISIN USU026281027, SIN: A0BLYY) shows a profit of 11,793 TEUR for the first half of the current business year (30 June 2005: 66 TEUR). The undiluted earnings per share amount to 0.10 EUR. The revenues per 30 June 2006 increased by 10.6% in comparison with the reference period of the previous year and amounted to 2,093 TEUR. The costs for distribution and marketing reached 1,569 TEUR (+4.2%). Due to the development of the Private Equity business, the general administration costs increased by 503.6% to 8,940 TEUR. Depreciations were reduced by 37.1% to 144 TEUR. Based on other income of (net) 17,493 TEUR (6 months 2005: 0 TEUR), the operating profit reached 8,870 TEUR (6 months 2005: -179 TEUR). The other income results from the excess of the fair value of net assets over acquisition costs in connection with the initial consolidation of JCN Neckermann Biodiesel GmbH, Neckermann Renewables Wittenberg GmbH, Neckermann Renewables GmbH, Biodiesel Enns GmbH and Biodiesel Enns GmbH & Co. KG. However, due to the consolidation date 30 June 2006, revenues from these companies have not yet been taken into account in the first half year.
Through financing activities during the first six months of the current business year, cash and cash equivalents of the Fortune Management Group increased by 64,968 TEUR to 83,443 TEUR.
End of ad hoc release
Profile of FORTUNE Management Inc.: FORTUNE Management Inc., Zug/Switzerland, is a private equity firm listed on the Frankfurt Stock Exchange. Its two business divisions are Private Equity Management and Principal Investments. Private Equity Management achieves consistent revenues from the management of specialised funds, whereas Principal Investments comprises direct investments (e.g. in bio-diesel manufacturer GATE or in the Swiss asset managers Fortune Wealth Management Group AG) with a view to capital gains. FORTUNE Management Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Santiago de Chile, Wuerzburg and Vienna, as well as a branch establishment in Dubai. The company's shares (ISIN: USU 026281027) are listed in the General Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on the DIFX in Dubai.
Contact:
FORTUNE Management Inc. Michael Staab Mobile +49-160-90710390 IR@fortune-management.com Bahnhofstrasse 10 P.O. Box 324 CH-6301 Zug
end of announcement euro adhoc 25.09.2006 15:46:09
Further inquiry note:
Michael Staab, 069-94418097
Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
standard