ots Ad hoc-Service: German Brokers AG <DE0005801807> German Brokers AG Achieves Earnings of 8.9 Million Euros
Frankfurt/Main (ots Ad hoc-Service) -
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Preliminary results show that German Brokers AG (SDAX 580 180) achieved net earnings of 8.9 million Euros for the business year 2000 (- 4.5 million Euros in 1999). These results are 19% higher than the earnings estimate of 7.5 million Euros the Company made for the business year in April 2000 and that already exceeded previous year results by 50%. Balance Sheet Accounting with currently more than 800 listed companies contributed especially to these favorable results.
Earnings per share are 2,92 Euros (-1,51 Euros in 1999) based on DVFA/SG accounting standards.
In the fourth quarter 2000, German Brokers AG was able to boost net earnings slightly despite unfavorable business trends and against the background of a weakening securities trading environment. Inventories of securities are rated based on the lowest value principle which yields an additional income potential for the running business year.
Revenues per employee rose to 445,000 Euros. This result was significantly aided by the contribution German Brokers' subsidiary, GKS-Network GmbH, made through its in-house developed cost accounting and risk management software.
Return on equity was 63%.
The Board of Management will propose to stockholders to pay a dividend of 1.43 Euros. This amount represents a double-digit dividend yield.
For additional information, please contact:
German Brokers AG AXINO AG Phone +49-69-247 91-120 Phone +49-711-2 59 81 38 Fax +49-69-247 91-399 Fax +49-711-2 59 82 99
info@german-brokers.de info@ir-extra.de www.german-brokers.de www.ir-extra.de
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Original-Content von: German Brokers AG, übermittelt durch news aktuell