BotTrading Company Dragon Holdings AG Net Profit Jumps 300% in 3rd Quarter ending 30th September 2011
DGAP-News: Dragon Holdings AG / Key word(s): Quarter Results
BotTrading Company Dragon Holdings AG Net Profit Jumps 300% in 3rd
Quarter ending 30th September 2011
08.12.2011 / 12:30
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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
Promenadeplatz 10
D-80333 München
Germany
Tel: +49 89 48058 0620
Fax: +49 89 21 66 50 41
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
---------------------------------------------------------------------
149105 08.12.2011
DGAP-News: Dragon Holdings AG / Key word(s): Quarter Results
BotTrading Company Dragon Holdings AG Net Profit Jumps 300% in 3rd
Quarter ending 30th September 2011
08.12.2011 / 12:30
---------------------------------------------------------------------
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
Promenadeplatz 10
D-80333 München
Germany
Tel: +49 89 48058 0620
Fax: +49 89 21 66 50 41
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
---------------------------------------------------------------------
149105 08.12.2011