Value Management & Research AG

ots Ad hoc-Service: Value Managem. & Research Value Management & Research Group increases nine months net profit by 120% to Euro 18.0 mio.

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Schwalbach (ots Ad hoc-Service) - VMR, the Schwalbach/Taunus based financial services group, active in the areas of asset management, venture capital, capital markets advisory services, as well as research, continues its successful development. In the first nine months of its current financial year the VMR group achieved revenues from its asset management division of Euro 14.5 mio. (vs. Euro 7.9 mio. in the first nine months of 1999), and in its venture capital / financial advisory business revenues of Euro 36.0 mio. (vs. Euro 12.9 mio. in the first nine months of 1999). Earnings before tax amounted to Euro 28.0 mio. compared with Euro 13.7 mio. in the first nine months of 1999. Net profits totalled Euro 18.0 mio. (first nine months 1999: 8.2 mio.). Thus earnings per share for the first nine months stand at Euro 2.50 (first nine months 1999: Euro 1.21). The company reports that the number of equity participations in fast growing innovative companies increased from 25 at the start of the year to currently 40. For questions please contact: Peter Riedel End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Value Management & Research AG, übermittelt durch news aktuell

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