PPF Group N.V. announces its consolidated financial results for 1H 2011
10/31/2011
PPF Group prepared a number of major investment transactions in the first half; profit attributable to shareholders of EUR 150 million.
Selected key figures:
• Compared to 31 December 2010, PPF Group consolidated equity increased by EUR 340 million to EUR 4.8 bn as at 30 June 2011 .
• PPF Group’s assets grew by over EUR 360 million to EUR 12.7 bn as at 30 June 2011 compared to 31 December 2010.
• Profit attributable to shareholders was EUR 150 million as at 30 June 2011.
• Financial results have been disclosed in accordance with IFRS and have been reviewed by KMPG.
“During the first six months of this year, we have continued to diversify and successfully develop our key businesses across their markets, focusing on the retail and precious metal mining companies based in Russia that form part of our portfolio. All of our assets have registered a growth in revenue which again confirms the Group´s ability to generate significant and sustainable profits from its ordinary business activities, demonstrating that the Group´s performance is independent of one-off investment deals. So far this year we have also prepared a number of significant transactions including the initial public offering of NOMOS Bank (Russia) on the London Stock Exchange completed in April and the acquisition of a 100% stake in Eldorado, Russia´s leading retailer in electronics and home appliances, finalized in September. In the first half of 2011 the Group has also taken an important step in expanding the footprint of Home Credit, the consumer finance specialist, into new markets in Asia.”
Jiří Šmejc, PPF Group Shareholder
Financial Results (selected figures)
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6M 2011
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EUR mil
|
|
Total Assets
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12,744
|
|
Total Consolidated Equity
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4,795
|
|
Profit attributable to Group Shareholders
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150
|
Condensed interim consolidated financial statements for the first half of 2011 are available at: http://www.ppf.eu/en/financial-results/financial-reports.html