Brief: Baader Bank Posts Balanced Pre-Tax Result In First Half Of 2019

Baader Bank AG

31/07/2019 08:09

July 31 (Reuters) - Baader Bank AG  BLMG.DE :
    * DGAP-NEWS: BAADER BANK POSTS A BALANCED PRE-TAX RESULT IN THE FIRST HALF OF 2019 - GROUP
RESTRUCTURING COMPLETED FOLLOWING INVESTMENT IN BUSINESS PARTNER ALPHAVALUE
    * H1 AT EUR 17.7 MILLION NET COMMISSION INCOME IS DOWN ON PREVIOUS YEAR (EUR 20.1 MILLION)
    * AT EUR 23.2 MILLION, H1 NET TRADING INCOME IS ALSO SLIGHTLY DOWN (EUR -1.9 MILLION) ON
PREVIOUS
YEAR (EUR 25.1 MILLION)
    * REVENUES OF EUR 6.2 MILLION FOR FIRST HALF OF 2019 ARE EXCLUSIVELY ATTRIBUTABLE TO SELAN
GROUP
    * H1 CURRENT INCOME OF EUR 0.4 MILLION IS EUR -0.3 MILLION BELOW LEVEL POSTED IN SAME PERIOD
OF
2018
    * PERSISTENTLY CHALLENGING MARKET CONDITIONS WILL CONTINUE UNABATED, WITH BAADER BANK BEING
PARTICULARLY BADLY AFFECTED
    * STILL DOES NOT ANTICIPATE THAT IT WILL BE ABLE TO ACHIEVE A POSITIVE RESULT FOR CURRENT
FINANCIAL YEAR AS A WHOLE

Source text for Eikon:  ID:nEQTJ2yBa 
Further company coverage:  BLMG.DE 

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