Bellevue Group will report a loss for 2015 because of impairments and write-downs in the first half of the year. The company still proposes to pay a dividend as business picked up in the second half.
Based on the preliminary results available to the company, Bellevue Group expects a full-year loss of less than 1 million Swiss francs, it said in a statement on Wednesday. The financial services company based in the region of Zurich in the first half had a loss of 15.5 million francs.
The negative result is attributable to extraordinary impairments and write-downs totaling 24.7 million francs in the first half of last year.
Business Picked Up in Second Half
«Greater operating earnings power» offset almost the entire loss from the first half and the company therefore proposes to pay a dividend of 1 franc per share, Bellevue Group said in the statement. «Underlying business thus showed an improvement during the second half of the year.»
The complete annual report is due on February 29, 2016.
André Rueegg, who was acting CEO since last April, in December was appointed on a permanent basis.
