Financial results for 1H 2013 show solid performance from PPF Group
In the first half of 2013, PPF Group continued to boost its investments in its priority markets of Central Europe, Russia and Asia. This strategy led to an increase in its key financial indicators between 1 January and 30 June 2013.
Key financial indicators:
- PPF Group’s equity attributable to shareholders increased by EUR 120 million from 31 December 2012 to EUR 5.448 billion on 30 June 2013.
- The value of the PPF Group’s assets increased by almost EUR 600 million compared with 2012 to EUR 22.113 billion on 30 June 2013.
- Net profit attributable to the PPF Group’s shareholders increased by EUR 131 million in 1H 2013 compared with the same period of 2012 to EUR 379 million.
- KPMG has reviewed the consolidated financial statements under IFRS standards.
“PPF Group maintained its investment priorities over the first half of 2013. We continued with the geographic diversification and expansion of the Home Credit Group, whose share of the promising Asian markets is growing. We are also making major investments in real estate, primarily in Russia, where we are also developing our insurance business along with other interests. In addition, EPH made a fundamental substantial investment in Slovakia,” commented Kateřina Jirásková, PPF Group’s Chief Financial Officer, summarising the key factors of the 1H 2013 results.