EANS-News: C-QUADRAT Investment AG
C-QUADRAT Investment AG reports Q1-3/2009
results
Operating income EUR 24.4 million Profit before tax EUR 3.1 million Net profit EUR 3.0 million
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9-month report
Subtitle: Operating income EUR 24.4 million Profit before tax EUR 3.1 million Net profit EUR 3.0 million
Wien (euro adhoc) - Vienna / Frankfurt, 16.11.09. C-QUADRAT Investment AG (ISIN AT0000613005) finished the first nine months of 2009 with EUR 24.4 million in total operating income (Q1-3/2008: EUR 25 million), EUR 3.1 million in profit before tax (2008: EUR 3.2 million) and EUR 3.0 million in net profit (2008: EUR 2.8 million).
Operating income in Q1-3/2009 amounted to EUR 24.4 million (Q1-3/2008: EUR 25 million; down 2.2%). Performance fees accounted for EUR 3.2 million of operating income in the period under review (Q1-3/2008: EUR 0.5 million). Fee and commission expenses were 15% higher year-on-year (Q1-3/2008: EUR 12.2 million). The company´s personnel expenses were EUR 4.5 million in the first nine months of the year (Q1-3/2008: EUR 5.4 million; down 18%), while remaining operating expenses were 39% lower year-on-year at EUR 3.4 million (Q1-3/2008: EUR 5.5 million). A positive profit before tax of EUR 3.1 million was achieved in the first nine months of 2009, with net profit amounting to EUR 3.0 million (Q1-3/2008: EUR 2.8 million).
"Due to the good performance of C-QUADRAT funds, the company was able to generate substantial performance fees and return to profitability in the third quarter of 2009", said Alexander Schütz, C-QUADRAT founder and Management Board member, in comments on the company´s third-quarter results.
The interim report of C-QUADRAT Investment AG for the third quarter of 2009 is now available for download in 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, 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.
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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
Original-Content von: C-QUADRAT Investment AG, übermittelt durch news aktuell