.
- Operating profit: EUR 2.0 million (2007: EUR 1.5 million)
- Profit before tax: EUR 2.4 million (2007: EUR 2.4 million)
- Net profit: EUR 1.9 million (2007: EUR 2.1 million)
In the first quarter of 2008, C-QUADRAT Investment AG (ISIN AT0000613005) followed on from its extraordinarily strong first quarter of 2007, despite considerably more difficult general conditions. Although overall income declined in the first quarter of 2007 by 11% to EUR 11.7 million against the previous-year figure of EUR 13.2 million, in the first quarter of 2008 the operating profit was up year-on-year from EUR 1.5 million to over EUR 2.0 million, an increase of 39%. In the first quarter of the year, a profit before tax figure of EUR 2.4 million was generated, the same level as the previous year (2007: EUR 2.4 million). For the first quarter of 2008, net profit totalled EUR 1.9 million (2007: EUR 2.1 million).
"As a result of the good performance achieved by the C-QUADRAT funds, high performance fees were generated in the first quarter of 2007. The considerable reduction in this source of revenue in the first quarter of 2008 due to the difficult situation on stock markets was offset by the upturn in other operating income. Overall, a very satisfactory result was generated in the first quarter, with profit before tax almost unchanged at EUR 2.4 million," commented company founder Alexander Schütz in response to the result.
The C-QUADRAT Investment AG quarterly report can be downloaded at www.c-quadrat.at.
- Operating profit: EUR 2.0 million (2007: EUR 1.5 million)
- Profit before tax: EUR 2.4 million (2007: EUR 2.4 million)
- Net profit: EUR 1.9 million (2007: EUR 2.1 million)
In the first quarter of 2008, C-QUADRAT Investment AG (ISIN AT0000613005) followed on from its extraordinarily strong first quarter of 2007, despite considerably more difficult general conditions. Although overall income declined in the first quarter of 2007 by 11% to EUR 11.7 million against the previous-year figure of EUR 13.2 million, in the first quarter of 2008 the operating profit was up year-on-year from EUR 1.5 million to over EUR 2.0 million, an increase of 39%. In the first quarter of the year, a profit before tax figure of EUR 2.4 million was generated, the same level as the previous year (2007: EUR 2.4 million). For the first quarter of 2008, net profit totalled EUR 1.9 million (2007: EUR 2.1 million).
"As a result of the good performance achieved by the C-QUADRAT funds, high performance fees were generated in the first quarter of 2007. The considerable reduction in this source of revenue in the first quarter of 2008 due to the difficult situation on stock markets was offset by the upturn in other operating income. Overall, a very satisfactory result was generated in the first quarter, with profit before tax almost unchanged at EUR 2.4 million," commented company founder Alexander Schütz in response to the result.
The C-QUADRAT Investment AG quarterly report can be downloaded at www.c-quadrat.at.
