Business and Finance
Business and Finance
Fri, June 15, 2012
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Premier Trading AG Closes a Successful First Financial Year 2011
June 15, 2012 08:42 ET
Premier Trading AG Closes a Successful First Financial Year 2011
PREMIER TRADING AG closes a successful First Financial Year 2011 Munich, 14th June 2012 - Premier Trading AG, a Munich based public listed holding company announces its consolidated financial results for the period from its incorporation on January 10, 2011 to December 31, 2011. Key Figures - Total income of EUR 1,789,176 represents net gain from sales of services of EUR 914,176 and sales of goods of EUR 875,000 - Net profit of EUR 1,625,317 resulted in earnings per share of EUR 0.56 - Throughout the year the equity capital was increased by EUR 2,888,888 Highlights The Company was incorporated on January 10, 2011 and commenced operations immediately. The Corporation's first transaction was the acquisition of Expert Talent Ltd. to strengthen its position on Asian markets. On July 4, 2011 Premier Trading AG was listed on the Deutsche Börse with an initial share price of EUR 7.10. In the fourth quarter of the year, Premier Trading AG expanded its distribution channels in Taiwan and launched new innovative betting products. These new Algorithmic Trading Solutions, which include more efficient risk management, improve the win probability ratios. Premier Trading AG's CEO, Pily Wong, said "Given the short history for Premier Trading AG as a company and considering the overall impact of the financial crisis in 2011, I am very pleased with the uptake of Premier Trading AG's services and products by our clients. We look forward to continuing to provide a very high level of technology and services and an ever expanding array of Algorithmic Trading Solutions to markets in Asia." Outlook 2012 Assuming the Asian macroeconomic situation remains healthy in 2012, the management aims to achieve progressively higher revenue in 2012 and 2013. The company will continue its path of expanding its distribution network particularly in Asia. The Corporation's financial statements and management's discussion and analysis for the period ended December 31, 2011 will be available on our website [ http://www.premiertradingag.com ]. Premier Trading AG operates as a holding company, having business activities related to Research and Developments in Betting Machines and games built on Algorithmic Trading Technology for Casinos, as well as distribution of Algorithmic Trading Technology commodity futures trading. Algorithmic Trading has revolutionized the commodity futures trading industry by providing innovative solutions based on advanced algorithms. For more information, please visit: [ http://www.premiertradingag.com ], or contact our Investor Relations Team: [ investor.relations@premiertradingag.com ]
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