PPF Group N.V. Half-Year 2012 Consolidated IFRS Financial Results: growth in net profit and assets
International expansion of key businesses – in particular Home Credit Group, EP Energy, Generali PPF Holding and PPF Real Estates – contributes to strong growth in both assets and net profit.
Selected key figures:
- PPF Group consolidated equity exceeded EUR 4.8 bn as at 30 June 2012, an increase of EUR 371 million, compared to 31 December 2011
- PPF Group’s assets were EUR 17.58 bn as at 30 June 2012, showing significant growth of over EUR 3.2 billion, compared to 31 December 2010
- Net profit attributable to shareholders was EUR 248 million as at 30 June 2012, a EUR 98 million year-on-year increase
- Financial results have been disclosed in accordance with IFRS and have been reviewed by KMPG
"Our approach to asset-liabilities management is conservative, so our investment in further expansion has been carefully focused on providing long-term value. The segmental and territorial diversification of PPF Group’s businesses continued during the first half of 2012. Although the markets remain volatile, we are now reaping the rewards of our investment policy,” said Pavel Horak, CFO of PPF Group.