Ratos reports SEK 820m net profit for H1
Listed private equity firm Ratos made an SEK 820m profit before tax for the first half of 2013, compared with an SEK 16m loss in H1 2012.
Earnings per share (before dilution) stood at SEK 2.41. The total return on Ratos B-shares in the first half of 2013 amounted to -13%, compared with the performance of the SIX Return Index, which stood at +9%.
The second quarter saw Ratos posting a SEK 21m EBITA, an improvement on the SEK 22m loss recorded in the same period last year.
Highlights from the second quarter mentioned in the firm's latest report include the emission of SEK 1.45bn in preference shares; the acquisitions of Hent, Aibel and Nebula; as well as the merger of cinema groups SF Bio and Finnkino. Ratos also sold Stofa, generating an exit gain of SEK 895m.
In Q1 2013, Ratos made SEK 898m in exit gains and SEK 799m in net profits.
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