.
- Earnings before taxes (EBT): 37'900 Euro
- Outlook: Positive development continues through 2008
- Enlargement of the solid portfolio
- Re-launch of internet appearance
The Swiss Investment Holding Mountain Super Angel AG (Open Market Frankfurt, ISIN: CH0033050961) is the first and so far only listed Business Angel stock in the market. The young corporation is now announcing preliminary unaudited results.
During its first year, Mountain Super Angel achieved according to IFRS earnings before taxes (EBT) of 37'900 Euro and an overall net loss after taxes of -5.700 Euro. The positive fair market value adjustments of the acquired minority stakes in its investments and the financial result were able to offset the company's general and administrative cost.
The fair market value adjustments of its investments, loans and receivables, totalled to 1.8 million Euro during its initial year, proving the company's successful investment strategy. Mountain Super Angel AG invested in its first year approximately 10.8 million Euro, which consist of investments in public companies in the amount of 3.8 million Euro and non-public companies in the amount of 7.0 million Euro. The annual report audited by Ernst & Young, will be presented on June 24, 2008. The annual shareholder meeting will take place on July 17, 2008. The invitation will be posted in the Swiss Official Register in due time.
Furthermore, Mountain Super Angel AG will intensify its investor relations activities. Additional information on the company itself as well as on its portfolio companies are posted on its web page www.super-angel.ch. Company activities are updated constantly and available for download. In the future, investors and interested parties shall also have the chance to gather more information on company news via online conferences, which shall be held periodically. Separate invitations will be published.
"Moreover, we plan to present Mountain Super Angel AG within capital market conferences to interested investors regularly", states Daniel S. Wenzel, Member of the Board of Directors, regarding this enhanced investor relations strategy. About the future of the company, he adds confidently: "At the moment we hold minority stakes in over 20 companies and due to the remarkable deal-flow we expect some very attractive developments regarding new and current investments. This will also be reflected in the results for the first half of the fiscal year 2008."
- Earnings before taxes (EBT): 37'900 Euro
- Outlook: Positive development continues through 2008
- Enlargement of the solid portfolio
- Re-launch of internet appearance
The Swiss Investment Holding Mountain Super Angel AG (Open Market Frankfurt, ISIN: CH0033050961) is the first and so far only listed Business Angel stock in the market. The young corporation is now announcing preliminary unaudited results.
During its first year, Mountain Super Angel achieved according to IFRS earnings before taxes (EBT) of 37'900 Euro and an overall net loss after taxes of -5.700 Euro. The positive fair market value adjustments of the acquired minority stakes in its investments and the financial result were able to offset the company's general and administrative cost.
The fair market value adjustments of its investments, loans and receivables, totalled to 1.8 million Euro during its initial year, proving the company's successful investment strategy. Mountain Super Angel AG invested in its first year approximately 10.8 million Euro, which consist of investments in public companies in the amount of 3.8 million Euro and non-public companies in the amount of 7.0 million Euro. The annual report audited by Ernst & Young, will be presented on June 24, 2008. The annual shareholder meeting will take place on July 17, 2008. The invitation will be posted in the Swiss Official Register in due time.
Furthermore, Mountain Super Angel AG will intensify its investor relations activities. Additional information on the company itself as well as on its portfolio companies are posted on its web page www.super-angel.ch. Company activities are updated constantly and available for download. In the future, investors and interested parties shall also have the chance to gather more information on company news via online conferences, which shall be held periodically. Separate invitations will be published.
"Moreover, we plan to present Mountain Super Angel AG within capital market conferences to interested investors regularly", states Daniel S. Wenzel, Member of the Board of Directors, regarding this enhanced investor relations strategy. About the future of the company, he adds confidently: "At the moment we hold minority stakes in over 20 companies and due to the remarkable deal-flow we expect some very attractive developments regarding new and current investments. This will also be reflected in the results for the first half of the fiscal year 2008."
