Brief: VZ Holding H1 Net Profit Up 15.8% to CHF 56.4 Million

VZ Holding AG

12/08/2020 05:35

Aug 12 (Reuters) - VZ Holding AG  VZN.S :
    * INCREASED ITS OPERATING REVENUES BY 7.4 PERCENT COMPARED
TO
FIRST HALF OF 2019
    * H1 NET PROFIT ROSE DISPROPORTIONATELY, NAMELY BY 15.8
PERCENT
    * H1 OPERATING REVENUES GREW SLIGHTLY LESS THAN EXPECTED,
NAMELY
BY 7.4 PERCENT FROM CHF 148.8 TO 159.8 MILLION
    * WE EXPECT GROWTH TO CONTINUE IN SECOND HALF OF YEAR, BOTH
IN
TERMS OF CONSULTING AND PLATFORM SERVICES
    * WHILE FY BANKING INCOME IS LIKELY TO CONTINUE TO DECLINE,
WE
EXPECT A MANAGEMENT FEES TO RISE SLIGHTLY, DEPENDING ON
DEVELOPMENT OF STOCK MARKETS
    * WE EXPECT SLIGHTLY HIGHER PERFORMANCE FIGURES FOR ENTIRE
2020
FINANCIAL YEAR THAN IN PREVIOUS YEAR, SO THAT DIVIDEND SHOULD BE
INCREASED AGAIN

Source text for Eikon:  ID:nEQhmgQBa 
Further company coverage:  VZN.S 

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