PPF Group N.V. announces audited consolidated annual results as at 31 December 2012, in accordance with IFRS
The total value of PPF Group’s assets was EUR 21.5 billion at the end of the last year. Revenue was EUR 5 billion and PPF Group posted a net profit of EUR 727 million.
|In EUR million, in accordance with IFRS||2012||2011|
|Equity (attributable to shareholders)||5,327||4,268|
|Profit after tax (attributable to shareholders)||727||216|
- The development in the value of assets, which increased to EUR 21.5 billion at 31 December 2012, was attributable primarily to the banking and financial services segments.
- PPF Group generated a profit of EUR 727 million, attributable to shareholders, which was brought about by asset sales along with the performance of the Group’s own business.
The Group sold its interest in Sazka lottery company and in Russia-based Nomos-Bank in 2012. Home Credit continued its expansion, primarily in Russia and also in new Asian markets. The real estate division launched major development projects in both Moscow and Prague.
“The results for 2012 were influenced primarily by the divestment of a 50% interest in Sazka. Our long-term work also showed results in the value of our key assets. Part of the Home Credit Group, Russia-based Home Credit & Finance Bank, played a major part in the results. Growth indicators improved in other regions as well, including Asia, and in other key industries in which PPF Group operates,” said Kateřina Jirásková, PPF Group’s Chief Financial Officer, commenting on the results.