PPF Group N.V. publishes its financial results for 1H 2015
PPF Group’s total assets remained above EUR 21 billion and its equity grew to almost EUR 6 billion for the first half of this year. PPF Group’s net profit decreased to just under EUR 200 million.
Key financial ratios:
PPF Group generated net profit of EUR 198 million in 1H 2015; compared to EUR 297 million in 1H 2014.
Equity attributable to shareholders reached EUR 5.321 billion as at 30 June 2015 (EUR 4.879 billion as at 31 December 2014).
At the end of the first half-year, the Group’s total assets were EUR 21.288 billion (EUR 21.893 billion as at 31 December 2014).
“In the first half of this year, we finalised the sale of our stake in the GPH insurance group and continued to invest in our telecoms interests in the Czech Republic. Investment is also ongoing in biotechnology and in Home Credit; the latter is expanding its activities in Asia and entering the US market, while in Russia, Home Credit & Finance Bank continues to focus on introducing measures to counter the contracting market and work on reducing its loss. On the other hand, our banking assets in the Czech Republic, such as PPF banka and Air Bank, are breaking records in terms of profitability,” said Kateřina Jirásková, PPF Group’s Chief Financial Officer, commenting on the results for the first half of 2015.