Brief: Baader Bank Q1 Pre-Tax Result Of EUR 10.7 Mln

Baader Bank AG

23/04/2020 08:41

April 23 (Reuters) - BAADER BANK AG  BLMG.DE :
    * HAS A STRONG FIRST QUARTER OF 2020 - PRE-TAX RESULT OF EUR
10.7
MILLION
    * NET TRADE INCOME FOR Q1 OF 2020 REACHED EUR 43.4 MILLION
    * AT EUR 14.7 MILLION, Q1 NET COMMISSION INCOME REMAINS
51.3%
ABOVE LEVEL OF PREVIOUS YEAR (Q1 2019: EUR 9.7 MILLION)
    * Q1 REVENUES AS HIGH AS EUR 3.2 MILLION (Q1 2019: EUR 3.5
MILLION; Q4 2019: EUR 3.1 MILLION)
    * DATES FOR CONVENING AND CONDUCTING ANNUAL GENERAL MEETING
WILL
DEPEND ON FURTHER DEVELOPMENT OF COVID-19 PANDEMIC THIS YEAR
    * IF NECESSARY, BAADER BANK WILL MAKE USE OF ITS CURRENTLY
APPLICABLE RIGHT TO VOTE TO HOLD SHAREHOLDERS' MEETING VIRTUALLY
AND AT A LATER DATE THAN USUAL
    * Q1 NET INTEREST INCOME AND CURRENT INCOME OF EUR -571
MILLION
(Q1 2019: EUR -142 MILLION; Q4 2019: TEUR -505)

Source text for Eikon:  ID:nEQ1wCb0va 
Further company coverage:  BLMG.DE 

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