ADC African Development Corporation GmbH & Co. KGaA ('ADC'), ISIN DE000A1E8NW9, a fast growing pan-African Banking Group focused on the frontier markets of sub-Saharan Africa has published its interim report for the first quarter of 2012.
In Q1 2012, ADC earned consolidated revenues and other income of EUR 784k versus EUR 516k in Q1 2011. The group recognized non cash-relevant EUR 7.2 million in fair value losses in the first quarter due to BancABC's volatility in share price, which has affected ADC's Q1 financial results.
As of 31 March 2012, ADC had shares in associated companies on the balance sheet
In Q1 2012, ADC earned consolidated revenues and other income of EUR 784k versus EUR 516k in Q1 2011. The group recognized non cash-relevant EUR 7.2 million in fair value losses in the first quarter due to BancABC's volatility in share price, which has affected ADC's Q1 financial results.
As of 31 March 2012, ADC had shares in associated companies on the balance sheet
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