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LAIQON AG — Earnings Release 2011
Mar 31, 2012
5417_rns_2012-03-31_8b31972f-789a-49c8-a17e-3ffde33e5b7b.html
Earnings Release
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Corporate | 31 March 2012 16:00
Lloyd Fonds Aktiengesellschaft: Preliminary consolidated results for 2011
Lloyd Fonds Aktiengesellschaft / Key word(s): Final Results
31.03.2012 / 16:00
Corporate News
Lloyd Fonds AG: Preliminary consolidated earnings for 2011
Hamburg, March 31, 2012 With market conditions still challenging, Lloyd Fonds collected total equity of EUR 38.5 million in 2011 (previous year EUR 83.0 million). According to preliminary calculations, sales including recurring income of EUR 10.4 million came to a total of EUR 14.3 million at the end of the year (previous year EUR 19.3 million). The consolidated net result amounted to a net loss of EUR 2.9 million (previous year net profit of EUR 2.7 million) and was substantially influenced by the concluding restructuring activities. With the successful issue of fresh equity at the end of the year, Lloyd Fonds was able to lay a sound foundation for the future of the company and to improve its balance sheet in the year under review. This was aided by an increase of the share capital from EUR 12.7 million to EUR 27.5 million, causing Lloyd Fonds’ equity ratio to widen by 20.5 percentage points to 36.0% (previous year 15.5%). Moreover, the payment of the liability release compensation meant that it was possible to reverse the provisions which had been set aside for this purpose in earlier years, thus improving the company’s debt situation substantially. As a result of the compensation payment, Lloyd Fonds has been released in full from all the contingent liabilities coming within the scope of the bank agreement.
The full annual report will be published on April 26.
Contact:
Marcel Wiskow
Lloyd Fonds AG
Amelungstraße 8-10
20354 Hamburg
Tel: +49-40-325678-0
Fax: +49-40-325678-99
Mail: [email protected]
End of Corporate News
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| Language: | English |
| Company: | Lloyd Fonds Aktiengesellschaft |
| Amelungstr. 8-10 | |
| 20354 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 32 56 78-0 |
| Fax: | +49 (0)40 32 56 78-99 |
| E-mail: | [email protected] |
| Internet: | www.lloydfonds.de |
| ISIN: | DE0006174873 |
| WKN: | 617487 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 163446 31.03.2012 |