PPF Group N.V. reports financial results for the first half of 2017
In the first half of this year, PPF Group increased its total assets to almost EUR 35 billion. PPF Group’s net profit rose by 18% compared with the same period last year.
- For the first half of 2017, PPF Group generated a net profit of EUR 293 million, compared to EUR 248 million for the same period last year.
- The Group’s total assets stood at EUR 34.762 billion as at 30 June 2017, compared to EUR 27.041 billion as at 31 December 2016.
- As at 30 June 2017, equity attributable to shareholders amounted to EUR 6.548 billion, compared to EUR 6.361 billion as at 31 December 2016.
“In the first half of this year, the Group’s total assets increased significantly. Home Credit’s continuing expansion and the growth of PPF banka’s total assets were the greatest contributors. In other sectors in which the Group operates, our development was stable as we had expected. The staffing levels of PPF Group companies have exceeded a historical threshold of 150,000 people in the first half of this year,” Kateřina Jirásková, Chief Financial Officer, commented on the latest results.