EFG Hermes' losses double owing to lower operating revenues

Mar-19

Mar-18

% Change

OPERATING REVENUES

Operating revenues

                     26,488,808

                     35,574,958

-25.54%

Gain on sale on investments - net

                       4,583,450

                       2,911,826

57.41%

                     31,072,258

                     38,486,784

-19.27%

EXPENDITURES

Administrative expenses

                  (41,357,247)

                  (37,850,965)

9.26%

Operating Profit/(loss)

                  (10,284,989)

                           635,819

Other income - net

                       2,859,318

                           546,221

423.47%

Income of margin finance

                       1,370,651

                       3,557,450

-61.47%

Financial charges

                     (9,862,638)

                     (6,236,580)

58.14%

Gain/(loss) on re-measurement of investments carried at fair value through profit and loss account

                       3,918,020

                           423,225

825.75%

                     (1,714,649)

                     (1,709,684)

0.29%

PROFIT/(LOSS) BEFORE TAXATION

                  (11,999,638)

                     (1,073,865)

1017.43%

TAXATION

                     (2,392,257)

                     (5,073,912)

-52.85%

PROFIT/(LOSS) AFTER TAXATION

                  (14,391,895)

                     (6,147,777)

134.10%

Earnings per share (basic and diluted)

                                  (0.72 )

                                  (0.31)

132.26%