DGAP-News: ADC publishes Annual Report 2011 ++ EUR 0.5 million upwards revision of net profit compared to preliminary results ++ Net profit of EUR 8.7 million
(firmenpresse) - DGAP-News: ADC African Development Corporation GmbH&Co. KGaA / Key
word(s): Final Results
ADC publishes Annual Report 2011 ++ EUR 0.5 million upwards revision
of net profit compared to preliminary results ++ Net profit of EUR 8.7
million
17.04.2012 / 09:59
---------------------------------------------------------------------
ADC African Development Corporation (ADC), ISIN DE000A1E8NW9, a fast
growing merchant banking group focusing on the frontier markets in
sub-Saharan Africa, publishes its Annual Report 2011 and releases audited
full-year 2011 results.
The audited net profit for ADC in 2011 was EUR 8.7 million - a 31% gain
from 2010 (EUR 6.6 million) and was revised upwards compared to the
preliminary results by EUR 0.5 million.
The company's total equity reached EUR 88.3 million increasing by 34%
compared to 2010 (EUR 66.1 million). At year end, ADC held total assets of
EUR 103.0 million, up from 71.0 million in 2010.
The Annual Report 2011 is available to investors and other interested
parties via the following link on the ADC website:
http://www.african-development.com/files/20120416_adc_annualreport_en_f.pdf
About ADC
ADC African Development Corporation (ADC), ISIN DE000A1E8NW9 (ticker
symbol: AZC.GR), a member of the Angermayer, Brumm&Lange Group
(www.abl-group.de), was established in September 2007 and aims to become
one of the leading banking groups in sub-Saharan Africa, active in
corporate and retail banking as well as insurance business and proprietary
investments. ADC also provides high level advisory services to
international clients which want to pursue investment and business
opportunities on the highly attractive African growth markets. The
com-pany's success is primarily due to its local management team, which
follows international best practice principles to further develop its
operational companies and implements conventional international processes
to increase their profitability. As the second international emerging
market investor in the world, ADC was integrated into the insurance
solution offered by the Multilateral Investment Guarantee Agency ('MIGA'),
a member of the World Bank Group, primarily due to its strong operational
approach and adherence to the highest ethical standards. This insurance
offers protection against a variety of political risks, in particular the
risk of radical political change.
Contact:
Investor Relations
investor-relations(at)african-development.com
T +49 69 719 12 80 119
End of Corporate News
---------------------------------------------------------------------
17.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: ADC African Development Corporation GmbH&Co. KGaA
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 69 719 12 80 00
Fax: +49 69 719 12 80 011
E-mail: info(at)african-development.com
Internet: www.african-development.com
ISIN: DE000A1E8NW9
WKN: A1E8NW
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
---------------------------------------------------------------------
165223 17.04.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2012 - 09:59 Uhr
Sprache: Deutsch
News-ID 135577
Anzahl Zeichen: 5703
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 222 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: ADC publishes Annual Report 2011 ++ EUR 0.5 million upwards revision of net profit compared to preliminary results ++ Net profit of EUR 8.7 million"
steht unter der journalistisch-redaktionellen Verantwortung von
ADC African Development Corporation GmbH&Co. KGaA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
