Dragon Holdings AG
BotTrading Company Dragon Holdings AG Net Profit Jumps 300% in 3rd Quarter ending 30th September 2011
Dragon Holdings AG / Key word(s): Quarter Results BotTrading Company Dragon Holdings AG Net Profit Jumps 300% in 3rd Quarter ending 30th September 2011 (Munich – 08/12/2011) Dragon Holdings AG (WKN: A1CTDS), is pleased to announce its results for the 3rd quarter 2011 (1st July 2011 – 30th September 2011). The revenue of Dragon Holdings AG for the 3rd quarter 2011, when consolidated with its subsidiaries as per IFRS, was Euro 11,557,590 with EBT (Earnings before Tax) of Euro 3,140,381. This brings the total revenue for the nine months to Euro 25,168,528 with EBT of Euro 4,187,473. Dragon Holdings AG is a holding company and all the profits were earned by its subsidiaries. The post tax net profit for the nine months is therefore Euro 4,187,473. The total assets of Dragon Holdings AG as of 30th September 2011 were Euro 27,640,768 with an equity ratio of 39% Following a successful launch in Hong Kong and Taiwan, the company is now looking to expand sales of its BotTrading products to institutional markets in China. The Algorithms used have proven over a long period of time that they are positively hedged to volatility, thus giving additional positive returns in times of market chaos. Management continues to expect a volatile market environment in the full year 2011. Continuing insecurities in the Eurozone, combined with worries about the overall global economy, still make it impossible to prepare a precise earnings forecast for the current fiscal year. However volatility has always benefitted Algorithmic trading programmes. The Management of Dragon Holdings AG has positioned the Company in a number of promising investments, which it closely monitors and adjusts as and if necessary. ‘The company’s third quarter results demonstrate our continuing growth in performance’, said Michael Hughes, CEO. ‘As anticipated, our Q3 sales revenues were strong and in-line with our earlier predictions. The acquisitions of last year are showing positive results and the company will continue its quest for further acquisitions.’ Dragon Holdings AG operates as a holding company with headquarters in Munich. The Company, through its subsidiaries, handles various business activities related to BotTrading Technology, which is used to execute buy and sell trade operations automatically on worldwide futures exchanges, without human intervention. Dragon Holdings AG, through its subsidiaries, markets trading platforms throughout South East Asia, Middle East and India. These platforms use mathematical algorithms, GAPG and risk management software to trade the commodity markets. For more information, please visit our company website: www.dragonholdings.net If you have any questions, please contact Elena Ciorogariu for assistance: Email: elena.ciorogariu@dragonholdings.net or Tel: +49 (0) 89 2166 5036. Dragon Holdings AG End of Corporate News 08.12.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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