![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Irf European Finance Investments Ltd | LSE:IRF | London | Ordinary Share | BMG493831058 | COM SHS USD0.0015 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0018 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 1891D IRF European Fin Investments Ltd 11 September 2008 Press Release 11 September 2008 IRF European Finance Investments Ltd ("IRF" or the "Company") First Half 2008 Results IRF European Finance Investments Ltd (AIM: IRF) announces its audited financial results for the six months ended 30 June 2008. Below are the financial highlights of the consolidated group, including Proton Bank and its subsidiaries (the "Group") and IRF and its wholly owned subsidiaries for the six months ended 30 June 2008. Financial Highlights Amounts in EUR 000 The Group IRF Amounts in EUR 000 The Group IRF Income Statement items Net Income 45,641 18,848 Profit before income tax 4,805 15,300 Income tax expense (1,214) - Profit after tax 2,807 15,300 Attributable to equity holders of the Company 4,596 15,300 Minority Interests (1,789) - Basic earnings per share (in euro/share) 0.04 0.12 Diluted earnings per share (in euro/share) 0.04 0.12 Balance Sheet Items Cash and cash equivalents 37,141 138,776 Total assets 2,798,237 590,939 Total liabilities 2,096,570 160,266 Total Equity 701,667 430,673 Equity attributable to equity holders of the Company 428,793 430,673 Minority Interests 272,874 - Net Asset Value IRF determined that its shares had a net asset value ("NAV") of $4.97 per share, on 30 June 2008, computed as follows: IRF owned a 20.60% interest in Proton Bank and a 8.16% interest in Marfin Investment Group ('MIG"). The value of these holdings, based on the closing share price on the Athens Stock Exchange on 30 June 2008, was EUR398.6 million. The Euro/$ exchange rate of $1.5753 on 30 June 2008 was used. As of 30 June 2008, IRF had 124.8 million common shares outstanding. IRF intends to determine and publish NAV on a periodic basis. This estimated NAV is provided for information purposes only and should not be relied upon for investment decisions. Recent Acquisitions Following further acquisitions made in the third quarter of 2008, IRF currently holds approximately 75.4 million shares of MIG, an investment holding company listed on the Athens Stock Exchange. This holding represents approximately 10.1% of the issued share capital of MIG. Subsequent Event In early July 2008, IRF received approximately EUR21.53 million in respect of the 56.6 million MIG shares owned by IRF on the record date for the related dividend payment. For further information: IRF European Finance Investments Ltd Angeliki Frangou, Chairperson Tel: +30 (0) 210 428 0560 Numis Securities Limited Nick Westlake (Nomad) Tel: +44 20 7260 1000 James Black (Broker) Tel: +44 20 7260 1000 About IRF IRF was formed to invest in the financial services industry throughout Europe with a primary focus on credit institutions and insurance companies in South Eastern Europe. IRF's current strategy is the acquisition of financial institutions having valuations which do not reflect their potential and where marketing and operational efficiencies are possible. IRF owns a 20.60% interest in Proton Bank and a 10.1% interest in Marfin Investment Group. About Proton Bank Proton Bank is a full-service financial services institution, including retail and investment banking as well as the provision of specialized corporate advisory and investment services. Proton Bank has 28 branches in Greece and is listed on the Athens Stock Exchange under the symbol "PRO". Forward-looking statements All statements, other than statements of historical fact, included in this release are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current expectations and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. IRF assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law. This information is provided by RNS The company news service from the London Stock Exchange END IR DBLFFVKBEBBD
1 Year Irf European Finance Inv... Chart |
1 Month Irf European Finance Inv... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions