EANS-News: Half-year results 2016 for C-QUADRAT Investment AG
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 6-month report · Total revenues: EUR 21.0 million · Net profit for the period: EUR 0.9 million · Assets under management: EUR 5.3 billion In the first six months of 2016, C-QUADRAT Investment AG (ISIN AT0000613005) realized total revenues of EUR 21.0 million and a net profit for the period of EUR 0.9 million. By comparison with the prior period, personnel expenses were reduced by 12.8% to EUR 4,8 million, while other administrative expenses and other operating expenses have increased by 6.6% to EUR 4.5 million. Despite the difficult market environment over the past six months, the volume of assets under the company's management remained almost unchanged. As of June 30, 2016, the total assets managed by the C-QUADRAT Group amounted to EUR 5.3 billion, compared to EUR 5.4 billion (-1.5%) as of December 31, 2015. "The revenue and earnings trends were clearly negatively affected by the almost complete loss of performance-related management fees in the first six months of the year, which had reached a record level in 2015. In terms of costs, every process within the company is currently being scrutinized. Nonetheless, in the first six months of 2016 we continued to invest in promising projects in order to diversify our product range. Sales of funds in the Social Impact Investing segment have developed particularly positively. We have been granted permission to distribute our microfinance funds in Germany, and so far these funds have met with a very warm response on the market. We see a strong market potential here," says C-QUADRAT founder and management board member Alexander Schütz of the report for the first six months of the year. With immediate effect, C-QUADRAT Investment AG's report for the first six months of 2016 is available for downloading from the Investor Relations section at www.c-quadrat.at. Further inquiry note: Andreas Wimmer Member of the Board Schottenfeldgasse 20 A-1070 Wien Tel.: +43 1 515 66 316 E-Mail: a.wimmer@investmentfonds.at www.c-quadrat.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: C-QUADRAT Investment AG Schottenfeldgasse 20 A-1070 Wien phone: +43 1 515 66-0 FAX: +43 1 515 66-159 mail: c-quadrat@investmentfonds.at WWW: www.c-quadrat.com sector: Financial & Business Services ISIN: AT0000613005 indexes: Standard Market Auction stockmarkets: official market: Frankfurt, Wien language: English
Original-Content von: C-QUADRAT Investment AG, übermittelt durch news aktuell