DGAP-News: Dragon Holdings AG Announces 2012 Financial Results
(firmenpresse) - DGAP-News: Dragon Holdings AG / Key word(s): Final Results
Dragon Holdings AG Announces 2012 Financial Results
22.10.2013 / 17:58
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Dragon Holdings AG Announces 2012 Financial Results
Munich, 22nd October 2013 - Dragon Holdings AG (WKN: A1CTDS), a leading
technology company that develops algorithms, timing solutions and risk
management systems for financial market participants, today announced its
Consolidated Financial Results for the fiscal year ended 31st December 2012
in accordance with International Financial Reporting Standards (IFRS).
Dragon Holdings significantly increased research and development spending.
These costs impacted on its revenue streams and net profit in the short
term, but more importantly have enhanced its business proposition for the
future. The advancements Dragon Holdings has made in its technological
offering now positions it very strongly for 2013. In a year of
transformation and development, total income dropped marginally to EUR
32.01 million, while net profit dropped to EUR 2.9 million.
Highlights in FY 2012
- Significant increases in research and development that impacted on Total
Income and Net Profit but positions the Group to take full advantage of
future opportunities.
- Total Income of EUR 32.01 million, made up of EUR 21.43 million derived
from sales of goods, EUR 6.51 million from sales of services, EUR 3.64
million from other revenues, as well as EUR 0.41 million net shares in
profit of associates.
- Net Profit of EUR 2.9 million
-Earnings Per Share of EUR 0.24 (2012) Earnings Per Share of EUR 1.21
(2011)
-P/E Ratio of 20.8 (2012) P/E Ratio of 4.1 (2011)
- Group's financial position was substantially improved throughout the year
by an increase in Total Assets of EUR 6.24 million to EUR 36.09 million.
-The equity ratio of the Group reached 73.2%, compared to 64% in 2011.
- Substantial expansion in Portfolio
- Management continued implementation of long-term growth strategy,
positioning the Group for 2013 and beyond.
Jim Manczak, Chief Operating Officer of Dragon Holdings, said: 'This
performance is testament to the excellent position of our Group. In a year
of significant investment in research and development, and great
transformation for the business, we have maintained momentum at the same
time as making the necessary changes to put us in a strong position for
opportunities going forward. Advancements we made in our technology and
liquidity solutions have already shown to be well timed and profitable. Our
clear strategy and the strength of our products combined with our balanced
portfolio of businesses imply that we are well positioned to deliver strong
performance in the future.'
Outlook 2013
The company is well-prepared for the on-going challenging environment and
looks with an overall sense of confidence to the future. On its trading
business, Dragon Holdings Group expects to continue its growth in Total
Income and Net Profit, as volatility has always benefitted Algorithmic
trading programs.
Moreover the Management of Dragon Holdings AG has positioned the company in
a number of promising investments, which it closely monitors and adjusts as
and if necessary.
Research and development in Tradeology's liquidity business will be one of
the key focuses in 2013.
Dragon Holdings is developing a number of algorithms which can be used in
structuring products whose performance can be insured. These products will
be the first of their kind in the industry, which should open up
significant additional revenue streams.
In addition Dragon Holdings is very excited by the prospects for the Clone
Algo range of trading algorithms. Clone Algo solutions will appeal to the
mass market, retail brokers and institutions.
In the years ahead, the company will continue to seek superior growth
opportunities through strong positioning in growth markets, acquisitions in
core businesses and an excellent innovation platform. It will continue its
strategy of supplying liquidity, timing technology, and risk management
solutions to market participants.
Dragon Holdings AG will particularly continue its business development in
Asia, where its positive momentum has been maintained in 2012. Asia is
generating both growth and cash and the focus on the markets of South-East
Asia continues to pay off.
About Dragon Holdings AG
Dragon Holdings AG is a technology company that develops algorithms, timing
solutions and risk management systems for the financial markets. It is a
global leader in trading and liquidity technology for market participants
in forex, gold, shares and CFDs.
It is publicly listed on the Berlin Boerse (DRA) and traded on the US OTC
Pink (DRGHY). Its registered office is in Munich, Germany.
For more information, please visit www.dragonholdings.net. If you have any
questions, please contact our Investor Relations Team for assistance at:
investor.relations(at)dragonholdings.net or jim.manczak(at)dragonholdings.net
Dragon Holdings Group
Innere Wiener Str. 7 1 Changi North Street 1End of Corporate News
81667 München Singapore 498789
Germany
Tel: +49 (0)89 21665036 Tel: +65 9327 1279
Fax: +49 (0)89 21665041
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22.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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235670 22.10.2013
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Datum: 22.10.2013 - 17:58 Uhr
Sprache: Deutsch
News-ID 308199
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