Net profit Acomo half year 2011 € 11.7 million
Date:
Aug 31, 2011
Earnings per share + 46% to € 0.503. Interim dividend € 0.13 (+ 18%)
Main points first half 2011
- Successful integration acquired businesses
- Strong trading performance of all group companies, active trading and high commodity prices
- Acquired businesses profitable and earnings enhancing
- Net profit € 11.7 million (recurring HY 2010: € 6.9 million, + 70%)
- Profit per share € 0.503 (HY 2010: 0.344, + 46%)
- Interim-dividend: + 18% to € 0.13 per share (HY 2010: € 0.11)
Amsterdam Commodities N.V. (Acomo) recorded consolidated sales of € 271.4 million in the first half year 2011 (HY 2010: € 128.5 million) and net profits of € 11.7 million (recurring HY 2010: € 6.9 million). The increase of the half year results reflects the strong trading performance of all the group subsidiaries, especially Catz International, and the contribution of the new businesses acquired in 2010.
Acomo Half year report 2011
