Strong half year financials through Tekton sale

Due to the sale of the major assets of Tekton Energy the Deutsche Rohstoff group has achieved a record result in the first half of the year. Sales of the group increased to EUR 22.05 million (previous year: EUR 6.5 million), other operating income rose from EUR 0.57 million to EUR 101.73 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved from EUR 1.9 million to EUR 116.6 million, earnings before interest and taxes (EBIT) rose to EUR 98.3 million and net profit for the group increased to EUR 65.4 million. Minority interests made up for EUR 30.6 million of group profit, so the consolidated earnings amount to EUR 35.6 million. The equity ratio increased from 29% as of end 2013 to 42%. Cash and equivalents in the group were at EUR 122 million on June 30th, they consisted of cash as well as securities classified as current assets and fixed assets.