Sherbrooke Equity AG
SHERBROOKE EQUITY REPORTS INCREASE IN PROFIT SECOND QUARTER
Sherbrooke Equity AG / Half Year Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- SHERBROOKE EQUITY REPORTS INCREASE IN PROFIT SECOND QUARTER ZURICH, Switzerland, September 23, 2008/ PRNewswire -- Sherbrooke Equity AG (WKN: A0F6LN), a fast growing international merchant banking firm with offices in Montreal, Switzerland and New York City, released its financial performance for the quarter ended June 30, 2008. The company’ net income increased 8.8%, as it posted €2,218,295 for the quarter ending in June 30, 2008, compared to €2,037,223 the year before. Cash flow from financing activities, the company’s main business, increased 285% to €2,362,932 in 2008, from €828,817. The company also reported a tenfold growth in assets, which totaled €7,086,594 euros by the sixth month of 2008, from €677,327 a year earlier. In addition, due to cost cutting measures, operating expenses decreased significantly, from €1,734,834 to €145,934 in 2008. The entire report will be available on the company’s website at: http://www.sherbrookeequity.com/. 'I am extremely pleased to release these financials' said Louis Philippe Antunes, the company’s Managing Director.'Sherbrooke Equity delivered strong second quarter performance, as it posted an increase in profit as well as an impressive growth in assets. Consistent with our strategy, we are focused on becoming a global finance company with an emphasis on high revenue and asset growth for our investors. This report’s strength reflects the strength of our management team and our commitment to increasing shareholder value while minimizing expenses.' Sherbrooke Equity recently completed it’s acquisition of 3D capital in Europe, and announced the addition of several important new clients including TransGlobal Energy and WDNY. Sherbrooke Equity is an international merchant banking firm focusing on special-situation and value growth oriented micro-cap public and private companies. Sherbrooke Equity is a Zürich, Switzerland based company with offices in Montreal, Canada and New York City. Sherbrooke Equity’s Stock Exchange symbol is (D3D.F). http://www.sherbrookeequity.com/ FORWARD-LOOKING STATEMENTS AND ASSOCIATED RISK FACTORS This release contains forward-looking statements including statements relating to present or future trends or factors generally affecting the banking industry and specifically affecting Sherbrooke Equity’s operations, markets and products. Without limiting the foregoing, the words 'believes,' 'anticipates,' 'intends,' 'expects,' or similar expressions are intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected for many reasons, including, without limitation, changing events and trends that have influenced Sherbrooke Equity’s assumptions, but that are beyond Sherbrooke’s control. These trends and events include (i) changes in the interest rate environment which may reduce margins, (ii) not achieving expected growth, (iii) less favorable than anticipated changes in the national and local business environments and securities markets, (iv) adverse changes in the regulatory requirements affecting Sherbrooke, (v) greater competitive pressures among financial institutions in Sherbrooke’s markets, (vi) greater loan losses than historic levels, and (vii) difficulties in expanding our banking operations into a new geographic market. Additional information and other factors that could affect future financial results are included in Sherbrooke’s filings with the Frankfort Exchange. For Investor Relations Information Contact: Sherbrooke Equity AG Louis Philippe Antunes +41793030125, lpantunes@sherbrookeequity.com http://www.sherbrookeequity.com/ 23.09.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sherbrooke Equity AG Poststraße 3 8001 Zürich Schweiz Phone: +41 (43) 443 70 73 Fax: +41 (43) 443 70 77 E-mail: info@3d-capital.ag Internet: www.3d-capital.ag ISIN: CH0022309576 WKN: A0F6LN Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found