Brief: Valora Effekten Handel Q3 Loss Narrows To 105 Thousand Euros

Valora Effekten Handel AG

18/10/2019 14:54

Oct 18 (Reuters) - VALORA EFFEKTEN HANDEL AG  VEHG.F :
    * UNAUDITED SALES AND EARNINGS FIGURES FOR Q3 WITH EARNINGS
AS AT
SEPTEMBER 30, 2019 OF AROUND EUR -105 THOUSAND (PREVIOUS YEAR:
EUR -246 THOUSAND)
    * AS IN THE PREVIOUS YEAR, IN COURSE OF THE FINANCIAL YEAR
WE
EXPECT FURTHER LEGAL AND COURT COSTS TO WARD OFF SO-CALLED
"REICH GROUP"
    * IN Q3, COSTS OF AROUND EUR 38 THOUSAND WERE INCURRED
BECAUSE OF
REICH GROUP, € 5K MORE IN LEGAL FEES IN Q3 AROSE DUE TO
OBJECTION TO INCREASE IN LEVY RATE AT EDW
    * TOTAL EXPENDITURE IN 2019 FOR THE LEGAL ADVICE AMOUNTS TO
117
TEUR
    * FOR 2019, WE PLAN TO GENERATE SALES IN THE RANGE OF EUR
5-6
MILLION
    * Q3  SECURITIES TURNOVER OF EUR 4.3 MILLION (PREVIOUS YEAR:
EUR
5.9 MILLION)

Source text for Eikon:  ID:nEQ7BBjQNa 
Further company coverage:  VEHG.F 

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