MLP Finanzdienstleistungen AG

ots Ad hoc-Service: MLP AG MLP: Results for 3rd quarter 2000:

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Heidelberg (ots Ad hoc-Service) -      

    MLP: Results for 3rd quarter 2000: Forecast growth rates clearly exceeded. Banking and wealth management sectors both report strong growth figures.

    Heidelberg, November 16th 2000 - MLP AG, leading in Europe in the field of private finance for sophisticated private clients with an academic degree, has converted to quarterly reporting methods for the first time. According to the results now available for the third quarter, the total group revenues have increased from 231,8 million Euro in 1999 by some 44 percent to 334 million Euro this year. The sales revenues increased by 26 percent from 118,9 million Euro to 149,8 million Euro. The pre-tax group profit has risen by 47 percent in comparison with the previous year, from 34,1 million Euro to 50,2 million Euro. MLP AG reported a profit increase of 31 percent from 31,7 million Euro to 41,6 million Euro before tax.

    MLP Finanzdienstleistungen AG, the consulting arm, increased the profit paid over to MLP AG by 25 percent from 24 million Euro to 30 million Euro. As at September 30th 2000 some 1,900 consultants advised some 355,000 clients in over 200 branch offices.

    The wealth management company, MLP Vermögensverwaltung AG, quadrupled its revenues from 2,0 million Euro to 8,5 million Euro. The pre-tax profit has tripled from 1,6 million Euro to 5,1 million Euro. This result is a clear indication that the core financial investment business has taken up an excellent position for the future group growth.

    MLP Bank AG, the group's banking arm that was founded in just 1997, can also look back on a year of rapid growth and continue with its positive trend. In comparison with the same period last year, the losses of 355.000 Euro have been converted into a pre-tax profit of 205.000 Euro. The company reports a net interest income of 0,7 million Euro in comparison with 2,0 million Euro in 1999, and an increase in the commission income from 2,0 million Euro to 5,9 million Euro.

    Dynamic growth rates have also been reported by MLP Lebensversicherung AG, the life assurance company. The premium income rose by 76 percent from 96,5 million Euro to 170 million Euro. The company has significantly increased its pre-tax profit, recording a rise of 1,8 million to 6,9 million. The group expects to report an annual net result in excess of 30 percent as forecast. Previous experience has shown that the fourth quarter is usually MLP's strongest

    Jutta Funck Tel.: 0 62 21-3 08-3 30 Fax: 0 62 21-3 08-2 58 E-Mail:

    End of message ----------------------------------------------------- Internet:

Original-Content von: MLP Finanzdienstleistungen AG, übermittelt durch news aktuell

Weitere Meldungen: MLP Finanzdienstleistungen AG

Das könnte Sie auch interessieren: