Content - CREALOGIX reports substantially higher net profit

CREALOGIX reports substantially higher net profit

30 September 2011

The CREALOGIX Group looks back upon a successful financial year 2010/2011. The focus on software products for the financial industry has proved successful. The conversion of the Group, which began four years ago, from a pure software service provider to a product supplier, has now been completed. Despite the fact that the CREALOGIX Group divested three business units during the financial year, it was still able to increase operating revenues from CHF 52.5 to CHF 52.8 million.   This was achieved through substantial organic growth with proprietary software products, especially in e-banking and e-payment. The CREALOGIX Group reported a record net profit of CHF 4.7 million (previous year CHF 3.2 million). With the acquisition of Abaxx e-banking activities in Germany in July 2011, the CREALOGIX Group took a big step towards growth and internationalisation. It now has excellent opportunities for market access to the banking industry in Germany and throughout Europe.   CREALOGIX will continue to look at attractive acquisition opportunities both in Switzerland and abroad. The Board of Directors of the CREALOGIX Group will be proposing to the Annual General Meeting a further distribution from the reserves set aside from capital contributions of CHF 15 per share.