DGAP-News: Baader Bank AG: Provisional consolidated net profit of Baader Bank AG for the first half year 2011 in accordance with the German Commercial Code (HGB)
ID: 440292
Results
Baader Bank AG: Provisional consolidated net profit of Baader Bank AG
for the first half year 2011 in accordance with the German Commercial
Code (HGB)
13.07.2011 / 11:50
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Baader Bank AG's earnings performance in the second quarter of 2011 was
heavily impacted by the escalating debt crisis. The result was a decline in
trading activity by private and institutional investors in all market
segments. Nevertheless, in the period from April to June, Baader Bank was
able to generate a small profit after taxes.
Comparing figures for the first six months, these developments led mainly
to a sharp decline in net trading income from EUR 31.2 million to EUR 27.1
million. Net interest income and net fee and commission income, on the
other hand, remained on a par with the previous year at EUR 3.0 million and
EUR 17.9 million (H1 2010: EUR 18.3 million) respectively. Administrative
expenses in the first six months of 2011 were up from EUR 43.8 million to
EUR 48.4 million. For the first half of the year, Baader Bank AG therefore
posts a profit after taxes of EUR 4.9 million (H1 2010: EUR 10.8 million).
As at 30 June 2011, the Group's equity amounted to EUR 109.3 million (31
December 2010: EUR 110.3 million). Earnings per share for the first half of
the year were EUR 0.11 compared with EUR 0.23 in the prior-year period. As
at 30 June 2011, the Group employed a total of 403 people (30 June 2010:
351).
Key figures (EUR million) H1 2011 H1 2010 Q2 2011 Q2 2010End of Corporate News
Net interest income 3.0 2.8 1.5 1.3
Net fee and commission
income 17.9 18.3 8.4 8.4
Net trading income 27.1 31.2 6.8 14.3
Administrative expenses -48.4 -43.8 -22.0 - 20.9
Result from ordinary
activities 5.2 6.1 0.2 0.2
Extraordinary result 0.0 6.6 0.0 0.0
Profit after taxes 4.9 10.8 0.7 0.0
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13.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleissheim
Deutschland
Phone: +49 (0)89/ 5150-0
Fax: +49 (0)89/ 5150-291030
E-mail: info@Baaderbank.de
Internet: www.Baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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131889 13.07.2011Unternehmensinformation / Kurzprofil:
Datum: 13.07.2011 - 11:50 Uhr
Sprache: Deutsch
News-ID 440292
Anzahl Zeichen: 4154
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
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