PPF Group N.V. announces 1H 2016 financial results
PPF Group’s total assets exceeded EUR 24 billion and its equity remained around
EUR 6 billion for the first half of this year. PPF Group’s net profit increased by a quarter compared to the same period last year.
Key financial indicators:
- PPF Group generated a net profit of EUR 248 million for 1H 2016 (versus a net profit of EUR 198 million for 1H 2015).
- The Group’s total assets were EUR 24.220 billion at the end of 1H 2016 (versus
EUR 21.611 billion as at 31 December 2015).
- Equity was EUR 5.810 billion as at 30 June 2016 (versus EUR 5.680 billion as at 31 December 2015).
Kateřina Jirásková, PPF Group’s Chief Financial Officer, commented on the results for the first half of 2016: “The first half of the year was marked by continued growth in profit at Home Credit, which is further expanding its Asian activities. As a result, the Group’s number of employees exceeded 112,000 as at 30 June 2016. Our telecommunications activities are achieving positive results, confirming our decision to divide them into two companies as the right one. In addition to the continued positive results at our banks, PPF Banka and Air Bank, we also focused on developing our real estate portfolio.”