OIM plc announces sharply higher results 2011
OIM (Opportunity Investment Management) plc expects that the final results of 2011 will lead to a group profit above € 2.6 million. This leads to an earnings per share of approximately € 0.15. The year 2010 showed a group profit of € 0.4 million.
In the trading update of September 27, 2011 OIM plc reported to expect the 2011 results to be substantially higher than the 2010 results. OIM plc reiterates its prospect that the results will be significantly better than the previous year.
The financial results of its main holding, The Fleischhauer Group (95.9%) showed in the first half of 2011 already a considerably higher result on its operations. This positive trend has continued in the second half of 2011.
The acquisition announced on January 26, 2012, of interest in the sales of 'Mad-Croc' energy drinks in India, will be transferred to MySPARTA AG, in which OIM plc holds an interest. Part of the transaction is the sale of 35% of MySPARTA AG shares by OIM plc as a consideration for this acquisition. As a result of this sale, OIM Plc realizes a considerable profit. After the transaction OIM plc holds a 49.3% stake in MySPARTA AG.
It is the intention of OIM plc to form a financial platform that can provide financial services to small and mid-cap companies as well as to investors in the Benelux. As a first step in creating a financial platform OIM plc has announced on February 15, 2012, the signing of a Letter Of Intent with Today's Beheer & Brokers. It is the intention of both parties that OIM plc acquires an interest of 29.5% in Todays. OIM plc expects to acquire other interests in financial parties during the year.
Currently, the focus of the board of OIM plc is on the roll-out of its existing activities and on the acquisition of new activities. The management of Fleischhauer is analyzing other acquisition opportunities besides the one announced on February 28, 2012. OIM plc expects Fleischhauer to announce one or more additional acquisitions this year.
The final figures for 2011 will be published not later than March 30, 2012.
If you have any questions, please contact us:
OIM plc
Marius Ritskes, CEO
+31 40 214 65 65
info@oimplc.com