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Fri, September 28, 2012

Premier Trading AG with profitable first 6 months of FY 2012


Published on 2012-09-28 01:01:32 - Market Wire
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September 28, 2012 03:05 ET

Premier Trading AG with profitable first 6 months of FY 2012

Premier Trading AG with profitable first 6 months of FY 2012 Munich, 27th September 2012 - Premier Trading AG, a Munich based public listed holding company, announces its consolidated unaudited financial results for the first 6 months of the FY 2012 Key Figures - Total income of EUR 819,710 represents net gain from Sales of Services of EUR 385,884 and other income of EUR 433,826 - Net profit of EUR 722,943 resulted in earnings per share of EUR 0.25 - Equity capital was increased to EUR 2,888,888 as of 30th June 2012, compared to EUR 1,800,000 as of 30th June 2011 As the company was incorporated on January 10, 2011 and did not generate revenues in its ramp up stage during the first half year of 2011, it needs to be taken into consideration that a comparison with the previous year's period is not very meaningful. Throughout the first six months of 2012, Premier Trading AG expanded its distribution channels in Asia by introducing its newly distributed product for FOREX trading (GoAlgo suite of products) in Vietnam, Taiwan, Hong Kong, China and Cambodia. Premier Trading AG's CEO, Pily Wong comments: "Given the ongoing difficult market conditions, I am very pleased with the development of Premier Trading during the first half of FY 2012. Our aim is to bring FOREX trading to the mass market. We are working on simplifying the tools for people to trade and enhance their profitability performance. We believe that technology can bridge the knowledge gap for the non-experts and speed of execution using computers can also greatly help trading performance." Outlook On the backdrop of the successful first 6 months results and assuming the Asian macroeconomic situation remains healthy in the remainder of 2012, the management reiterates its outlook target of progressively higher revenues in FY 2012 compared to the previous year. About the company Premier Trading AG operates as a holding company having business activities related to Research & Developments in mobility and mass market FOREX trading solutions as well as in innovative software solutions based on advanced mathematical algorithms. For more information, please visit: [ http://www.premiertradingag.com ], or contact our Investor Relations Team: [ investor.relations@premiertradingag.com ]


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