Brief: ProCredit 9M Consolidated Result Up At EUR 62.0 Mln
11/11/2021 06:06
Nov 11 (Reuters) - ProCredit Holding AG & Co KGaA PCZ.DE :
* REPORTS STRONG FINANCIAL RESULTS AND GOOD GROWTH FIGURES
AS AT
30 SEPTEMBER 2021, UNDERSCORING ITS SUSTAINABLE BUSINESS MODEL
* 9-MONTH INCREASE IN RESULT OF 86% TO EUR 62.0 MILLION
* PROCREDIT HOLDING AG & CO KGAA - RETURN ON EQUITY OF 10.1%
IN
LINE WITH MEDIUM-TERM FORECAST OF AROUND 10%
* EXTRAORDINARY GENERAL MEETING ON 8 DECEMBER 2021 TO DECIDE
UPON
ALREADY ANNOUNCED FURTHER DIVIDEND PAYMENT PROPOSAL OF EUR 0.35
PER ORDINARY SHARE FOR 2020 FINANCIAL YEAR
* 9-MONTH CONSOLIDATED RESULT INCREASED BY 86% TO EUR 62.0
MILLION
(9M 2020: EUR 33.4 MILLION)
* RETURN ON EQUITY FOR 2021 FINANCIAL YEAR IS EXPECTED TO BE
BETWEEN 8.0% AND 9.5%, IN LINE WITH RAISED FORECAST ISSUED IN
JULY 2021
* 9-MONTH CONSOLIDATED PROFIT OF EUR 62.0 MILLION TRANSLATES
INTO
A SIGNIFICANTLY IMPROVED RETURN ON EQUITY OF 10.1% COMPARED TO
PREVIOUS YEAR (9M 2020: EUR 33.4 MILLION OR 5.6%)
* NET INTEREST INCOME FOR FIRST NINE MONTHS OF 2021
INCREASED BY
7.1% TO EUR 161.4 MILLION (9M 2020: EUR 150.7 MILLION)
Source text for Eikon: ID:nEQGJX6Ja
Further company coverage: PCZ.DE
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