Dragon Holdings AG
Dragon Holdings AG: reports strong results in the first half year ending June 30, 2012 with total revenue increasing + 57% and net profit more than six-folded.
September 27, 2012 Dragon Holdings AG reports strong results in the first half year ending June 30, 2012 with total revenue increasing + 57% and net profit more than six-folded. (Munich – September 27, 2012) Dragon Holdings AG (WKN: A1CTDS) reports today its unaudited consolidated financial results for the first half year ending June 30, 2012. Compared to the already successful first quarter of FY 2012, revenues as well as net income increased on an accelerated path throughout the second quarter: Total revenue for the first 6 months of FY 2012 came in at EUR 21.4 million (6 months 2011: EUR 13.6 million), an increase of 57% compared to the same period last year. Total income for the first six months of FY 2012 was EUR 21.6 million, deriving from Sales of Goods EUR 9.25 million, Sales of Services EUR 5.15 million plus other operating income EUR 7.20 million. Net profit increased more than six-fold to EUR 6.3 million (6 months 2012: EUR 1.0 million) resulting in an earnings per share of EUR 0.70 (previous year's period: EUR 0.11). CEO Michael Hughes comments: 'The half year results of Dragon Holdings AG represent a strong performance, in particular in the second quarter, where we have seen accelerated growth both in terms of revenues as well as profitability. Our compelling value proposition and innovative technology platform continued to drive our financial success and market share gains. We are still optimistic to take full advantage of recovering markets while continuing to build profitable growth to the benefit of our shareholders.' On the backdrop of the strong half year results, the company reiterates the outlook for 2012 and will continue to focus on business performance and income growth.
————————————————————————————————————— About Dragon Holdings AG Dragon Holdings AG has its headquarters in Munich, Germany and operates as a holding company for the Sale & Distribution of various IT Hardware products, as well as diverse business activities related to Algorithmic Trading Technology. Through its subsidiaries, Dragon Holdings AG markets trading platforms worldwide, offering its clients complete service that includes software and hardware. The holding has developed its own successful automated trading system that uses mathematical algorithms as well as risk management software to trade on Forex and Commodity markets. For more information, please visit our company website: www.dragonholdings.net If you have any questions, please contact our Investor Relations Team for assistance: Email: investor.relations@dragonholdings.net or Tel: +49 (0) 89 2166 5036. Dragon Holdings AG Promenadeplatz 10 D-80333 München Germany Tel: +49 89 2166 5036 End of Media Release Issuer: Dragon Holdings AG Key word(s): Computer/Telecommunication 28.09.2012 Dissemination of a Press Release, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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