Pongs und Zahn AG

Annual Financial Statements for the Financial Year 2005 of Pongs & Zahn AG, Berlin

@@start.t1@@--------------------------------------------------------------------------------   ots-CorporateNews transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

The annual financial statements 2005 of Pongs & Zahn AG, Berlin, have been ascertained and approved today.

In the business year 2005 the company realised sales revenue amounting to EUR 50.5 mill. and thus more than quintupled the reference value of the previous year (previous year: EUR 10.0 mill.). This income is comprised almost entirely of trading transactions with plastics raw materials and related industrial products executed by Pongs & Zahn on its own behalf and for its own account. This development is the result of the continuous expansion of its trading business with major international customers that had already begun at the end of 2004 and which was carried forward during the year under review. The total output of Pongs &  Zahn AG, consisting of sales income and other operating income, came to EUR 52.7 million during the year under review (2005: EUR 10.7 million).

We report a net profit for the year 2005 of EUR 0.8 mill. (previous year: net loss for the year EUR -0.5 mill.). The company’s equity of EUR 51.6 mill. as of December 31 of the financial year 2005 has risen compared with the previous year (2005: EUR 46.2 mill.). In the view of an increase of the balance sheet total by EUR 9.7  mill., the equity ratio has been again slightly reduced to 72% (previous year: 75.1 %).

The CEO will propose to the annual general meeting to carry forward the net profit totalling EUR 4.174 mill. (previous year: EUR 3.419 mill.) to new account.

Berlin, April 27, 2006

Chief Executive Officer

@@start.t2@@end of announcement                                                 euro adhoc 27.04.2006 18:30:00
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Pongs und Zahn AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Martin Bretag
Investor Relations
Telefon: +49 (040) 89710-114
E-Mail: bretag@pongsundzahn.de

Branche: Synthetics & Plastics
ISIN:      DE0006954001
WKN:        695400
Index:    CDAX, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Börse Düsseldorf / official dealing



Weitere Meldungen: Pongs und Zahn AG

Das könnte Sie auch interessieren: