Deutsche Rohstoff AG

Earnings Release • Sep 28, 2011

News Details

Corporate | 28 September 2011 17:07

Deutsche Rohstoff AG: Group Net Profit of 7.8 million in the first half-year 2011

Deutsche Rohstoff AG / Key word(s): Interim Report

28.09.2011 / 17:07

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Deutsche Rohstoff AG: Group Net Profit of EUR 7.8 million in the first half-year 2011

Interim report published/Consolidated financial statement set up for the first time

Heidelberg. Deutsche Rohstoff AG has accomplished a group income after taxes of EUR 7.8 million in the first half-year 2011 (according to German GAAP, unaudited). The main contributions came from the gold production of Deutsche Rohstoff Australia, which has recorded a net profit of AUD 4.9 million (EUR 3.7 million) and from the sale of shares of Rhein Petroleum GmbH, which amounted to a profit of EUR 5.1 million.

The equity capital in the group rose to EUR 19.1 million at the end of June, the equity ratio was 85,6%. Cash and cash equivalents were available in the amount of EUR 7.7 million.

CEO Titus Gebel commented: 'We have managed to leave the venture capital stage behind us. The inflow of funds gives us the opportunity to develop all three business areas and continue to grow.'

CFO Thomas Gutschlag added: 'We hold tight to our annual target for 2011 of at least EUR 10 million profit in the group after taxes. By the end of 2012 all business areas are to make positive profit contributions.'

The full interim report is available on www.rohstoff.de

Heidelberg, 28 September 2011

Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company's focus is placed on gold, oil/gas and so called high tech metals such as indium, gallium, rare earth metals and cobalt. All projects are located in countries marked by political stability, the core area being Germany. The business concept is based on redeveloping deposits which have been well explored in the past. A first production started in Georgetown/Australia in January 2011. For more information please visit www.rohstoff.de.

Contact:

Thomas Gutschlag

+49 6221 871 000

gutschlag@rohstoff.de

End of Corporate News

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