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VZ VermögensZentrum AG Beethovenstrasse 24 8002 Zürich, Switzerland http://www.vzch.com
Contact Mr Nicola Waldmeier +41 44 207 24 27
Company logo of VZ VermögensZentrum AG
VZ VermögensZentrum AG

VZ Group records solid results in a challenging market environment

(PresseBox) (Zurich, )
Despite the difficult market conditions, VZ Group's operating revenues rose 10% to CHF 103,8 million in the 2008 financial year. Relative to the previous year (excluding one-off costs), net profit rose 3.3% to reach CHF 34.3 million. The proposed dividend remains at CHF 1.50 per share. Thanks to its robust business model, the company expects solid results also in 2009.

Operating revenues up 10%

Relative to the previous year, operating revenues rose 10% to reach CHF 103.8 million. Overall revenues primarily consist of consulting fees, management fees and banking revenues. Portfolio management fees declined as a result of the drop
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