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German Brokers AG

ots Ad hoc-Service: German Brokers AG <DE0005801807> German Brokers AG Achieves Earnings of 8.9 Million Euros

Frankfurt/Main (ots Ad hoc-Service) -

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

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