EANS-News: C-QUADRAT Investment AG
C-QUADRAT Investment AG reports results for
first half of 2009
Wien (euro adhoc) -
Operating income EUR 13.5 million Profit before tax EUR 0.1 million Net profit EUR 0.1 million
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
6-month report
Vienna / Frankfurt, 17 August 2009. C-QUADRAT Investment AG (ISIN AT0000613005) finished the first half year of 2009 with EUR 13.5 million in operating income, EUR 0.1 million in pre-tax profit and EUR 0.1 million in net profit.
Operating income in the first half of 2009 amounted to EUR 13.5 million (HY1/2008: EUR 17.5 million; down 23%). Fee and commission expenses were 4% lower year-on-year (HY1/2008: EUR 8.3 million). The company´s personnel expenses were EUR 3.1 million in HY1/2009 (HY1/2008: EUR 3.8 million; down 20%), while remaining operating expenses were 35% lower year-on-year at EUR 2.2 million (HY1/2008: EUR 3.4 million). A positive profit before tax was achieved in the first six months of 2009, with net profit amounting to EUR 0.1 million (HY1/2008: EUR 2.7 million).
"The steps taken within the company are showing effects. We succeeded in returning to profitability in the second quarter and in finishing the first half year of 2009 with positive earnings figures", said Alexander Schütz, C-QUADRAT founder and Management Board member, in comments on the company´s half-year results.
The Half-Year 2009 Report of C-QUADRAT Investment AG is now available for download from the Investor Relations section of the www.c-quadrat.at website.
C-QUADRAT- the fund company - is an independent asset manager operating across Europe. Founded in 1991, the company has had is own asset management company with a bank licence since 2003 and has been listed in the Prime Standard of the Frankfurt Stock Exchange since November 2006 and at the Vienna Stock Exchange since May 2008. The C-QUADRAT team has made a name for itself across Europe with its asset management and analysis and investment fund management activities. Innovative investment strategies for institutional investors round off the product offering. Many banks, insurance companies and financial service providers operating internationally rely on the expertise of C-QUADRAT.
end of announcement euro adhoc
Further inquiry note:
Andreas Wimmer
Member of the Board
C-QUADRAT Investment AG
Stubenring 2
A-1010 Wien
Tel.: +43 1 515 66 316
Mail: a.wimmer@investmentfonds.at
www.c-quadrat.com
Branche: Financial & Business Services
ISIN: AT0000613005
WKN:
Index: Standard Market Auction
Börsen: Frankfurt / official market
Wien / official market