Compagnie Financière Tradition SA: Revenue in H1 2011: CHF 559.6m
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Compagnie Financière Tradition SA: Revenue in H1 2011: CHF 559.6m
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Revenue in H1 2011:
CHF 559.6m
Compagnie Financière Tradition reported consolidated revenue for the first half
of 2011 of CHF 559.6m, compared with CHF 656.4m for the equivalent period in
2010, a decrease of 2.7% in constant currencies and 14.8% at current exchange
rates. The result was severely impacted by the strength of the Swiss franc.
The decline in the consolidated volume of activity during the period was
strongly correlated to developments at the Group's Japanese subsidiary,
Gaitame.com, a forex trading platform for private investors. Revenue from this
activity in the first six months of 2011 fell 67.9% in constant currencies, to
CHF 26.5m. Consolidated revenue includes 49.5% of Gaitame.com activities.
Revenue from interdealer broking (IDB) activities was up 1.3% in constant
currencies, to CHF 546.5m.
The level of activity was higher in the first half of 2011 compared with the
second half of 2010, with consolidated revenue up 9.0% in constant currencies.
In the second quarter, consolidated revenue was CHF 256.9m, down 9.0% in
constant currencies from the same quarter last year.
The United Kingdom and the Americas are still the Group's major areas of
activity, contributing 36.6% and 28.6% of revenue respectively, against 36.5%
and 29.5% in 2010. Asia accounted for 24.7% of consolidated revenue against
24.1% in 2010, while Continental Europe generated 10.1% compared with 9.9% in
the first half of last year.
With a presence in 27 countries, Compagnie Financière Tradition SA is one of the
world's leading interdealer brokers (IDB). The Group provides broking services
for a complete range of financial products (money market products, bonds,
interest rate, currency and credit derivatives, equities, equity derivatives,
interest rate futures and index futures) and non-financial products (energy and
environmental products, and precious metals).
Compagnie Financière Tradition (CFT) is listed on the SIX Swiss Exchange. To
find out more about our Group please visit our website at www.tradition.com.
Lausanne, 28 July 2011
Press contacts:
Compagnie Financière Tradition SA Rochat & Partners
Patrick Combes, President Philippe Dunant
Tel. +41 21 343 52 52 Tel. +41 22 718 37 42
--- End of Message ---
Compagnie Financière Tradition
Langallerie 11 Lausanne Switzerland
WKN: 870121;ISIN: CH0014345117;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
CFT_Press release:
http://hugin.info/133362/R/1534020/467407.pdf
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Source: Compagnie Financière Tradition via Thomson Reuters ONE
[HUG#1534020]
Unternehmensinformation / Kurzprofil:
Datum: 28.07.2011 - 07:31 Uhr
Sprache: Deutsch
News-ID 56793
Anzahl Zeichen: 4068
contact information:
Town:
Lausanne
Kategorie:
Business News
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