Trading update, 29 June 2011
The Board of Directors of OIM Plc informs the market about its progress in realizing
its strategy.
Non-audited financial results of its main subsidiary, the Fleischhauer Group (95.9
%), show an EBIT of €447K and a profit after tax of €349K over the first quarter
of 2011. This means a substantial increase on both EBIT and PAT as compared to the
same period 2010 as well as compared to the budget. The order book is in line with
this increase.
Furthermore the company has strengthened its position in MySparta AG, which has
a trading facility on Berliner Freiverkehr (www.aktiencheck.de,
to be found under MySparta AG). The company has taken a more than proportional part
of the capital raise which took place last month €1.1 Million), thus taking OIM
Plc's stake in MySparta AG from 75% to more than 95%.
The Board of Directors is confident that the company will be able to successfully
realize takeovers in order to grow the company in the course of this year.
Enquiries.
| Please contact: | |
| Marius Ritskes, CEO | +31 40 214 65 65 |