EFG Hermes's losses extend by 3 times

Jun-19

Jun-18

% Change

OPERATING REVENUES

Operating revenues

                     43,169,005

                     75,277,260

-42.65%

Gain on sale on investments - net

                     11,956,300

                       5,155,731

131.90%

                     55,125,305

                     80,432,991

-31.46%

EXPENDITURES

Administrative expenses

                  (77,799,174)

                  (79,108,183)

-1.65%

Operating Profit/(loss)

                  (22,673,869)

                       1,324,808

Other income - net

                           702,026

                       1,620,336

-56.67%

Income of margin finance

                       2,305,408

                       6,662,956

-65.40%

Financial charges

                  (20,507,967)

                  (13,062,242)

57.00%

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

                       5,841,190

                       2,185,280

167.30%

                  (11,659,343)

                     (2,593,670)

349.53%

PROFIT/(LOSS) BEFORE TAXATION

                  (34,333,212)

                     (1,268,862)

2605.83%

TAXATION

                     (5,752,580)

                  (11,434,393)

-49.69%

PROFIT/(LOSS) AFTER TAXATION

                  (40,085,792)

                  (12,703,255)

215.56%

Earnings per share (basic and diluted)

                               (2.00)

                               (0.63)

217.46%