Fortune Management Inc.

EANS-Adhoc: Fortune Management Inc. publishes its Annual Report for 2008

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annual report


April 30, 2009 - As per 31 December 2008 FORTUNE Management Inc. (General Standard, ISIN: USU026281027; SIN: A0BLYY) has successfully accomplished the reorganization initiated in 2007. Therewith a comprehensive debt relief of the Group of over 55% and a complete dissolution of the "discontinued operations" could be achieved.

The net result before minority interest was negative with kEUR -18.492 (2007: kEUR -148.825), which was ultimately caused by the attributable losses of the discontinued operations (kEUR -25.277). The result of the continuing operations was positive by kEUR 6.785. Since the attributable interest of minorities reached kEUR -18.945 the attributable result to equity holders is positive by kEUR 453 (2007: kEUR -101.117).

All discontinued operations are disclosed according IFRS 5, which results in a strongly altered representation of the financial situation and results.

Today the management assumes that the successful restructuring and the solid debt-relief as well as the secured going concern of the Fortune Management Group will have a positive effect on the further development and activities of the Fortune Management Group.

end of ad-hoc-announcement ========================================== ====================================== Profile of FORTUNE Management Inc.: FORTUNE Management Inc., is a publicly listed private equity firm. The company’s shares (ISIN: USU 026281027) are listed in the General Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on the NASDAQ Dubai.

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ots Originaltext: Fortune Management Inc.
Im Internet recherchierbar:

Further inquiry note:
Thomas Luber
FORTUNE Management Inc.
Phone +49 69 9441 8069
c/o Fortune Services Ltd
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug

Branche: Financial & Business Services
ISIN:      USU026281027
WKN:        A0BLYY
Börsen:  Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Frankfurt / regulated dealing/general standard

Weitere Meldungen: Fortune Management Inc.

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