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euro adhoc: Fortune Management Inc. / Financial Figures/Balance Sheet / - Fortune Management Inc. Reports Group Annual Profit of 11.8 Mio Euro in 2005 - Earnings per Share 0.16 Euro
Geschrieben am 22.03.2006 - [Nächster Artikel] |
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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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22.03.2006
Zug/Switzerland, March 22, 2006 - Fortune Management Inc., a
Financial Services Company, (General Standard, ISIN USU026281027,
SIN: A0BLYY) reports a group annual profit of 11.8 mio Euro for the
financial year that ended December 31, 2005 (shortened financial year
2004: minus 3.9 mio Euro). Therefore earnings per share were also
clearly improved, from minus 0.11 Euro (2004) to 0.16 Euro.
The annual result comprises substantially of other income without
liquidity-related effects, amounting to approx. 19.9 mio Euro, which
primarily results from the acquisition of the private equity business
and the key management of HLSP Holdings Corp.
The turnover amounted to 2.9 mio Euro, compared to 4.7 mio Euro in
the shortened financial year 2004 which still included the business
segment Hospitality. The remaining business segment Financial
Services, however, was able to increase its turnover by approx. 78%.
The operating result of Fortune Management Group amounted to 11.3 mio
Euro in the financial year 2005 (shortened financial year 2004: minus
4.1 mio Euro).
As at December 31, 2005 Fortune Management Group had liquid funds of
18.5 mio Euro (December 31, 2004: 4.1 mio Euro). The equity capital
ratio improved clearly and amounted to 60.3% (December 31, 2004:
29.1%).
The company consistently continues to expand its business segments
Private Equity and Asset Management. The Management expects further
increases in the results for the current financial year.
End of ad hoc release
Profile of Fortune Management Inc.: FORTUNE Management Inc,
Zug/Switzerland, pursues two parallel consolidation strategies: In
the Asset Management division the acquisition of independent asset
management companies operating in Switzerland and abroad is in the
centre of the interest; in the Private Equity segment Fortune focuses
on the acquisition or establishment of private equity managers and
funds on a global scale. Both operations work from the same platform.
FORTUNE has subsidiaries in Zug, Zurich, Geneva and Dubai. The
company targets the acquisition of a majority share in the asset
management or private equity companies. With the integration into the
group, the acquired companies of both segments are relieved from as
much administrative work ("middle office") as possible. They continue
to operate in the market under their established trade name. Neither
the customer nor the custodian bank relationships of the asset
managers are altered. The realized economies of scale result in
improved cost ratios. In the Asset Management division the support in
the areas of research as well as portfolio management aims to enhance
the risk-adequate return for the asset managers’ clients. In the
Private Equity segment the companies achieve an increase in volume
and a broadening of their base.
The shares (ISIN: USU 026281027) of the company are listed at the
Geregelter Markt [Regulated Market] (General Standard) of the
Frankfurt Stock Exchange.
end of announcement euro adhoc 22.03.2006 07:28:22
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ots Originaltext: Fortune Management Inc.
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Fortune Management Inc.
Christian Hillermann
Investor Relations Manager
Tel.: +49 40 / 23608-897
Fax: +49 40 / 23608-500
Email: ir@fortune-management.com
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
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