DDM Holding AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 04, 2021 at 12:30 pm IST
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DDM Holding AG reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net loss was EUR 3.15 million compared to net income of EUR 5.17 million a year ago. Basic loss per share from continuing operations was EUR 0.23 compared to basic earnings per share from continuing operations of EUR 0.38 a year ago. Diluted loss per share from continuing operations was EUR 0.23 compared to diluted earnings per share from continuing operations of EUR 0.38 a year ago.
For the nine months, net loss was EUR 6.9 million compared to net income of EUR 4.35 million a year ago. Basic loss per share from continuing operations was EUR 0.51 compared to basic earnings per share from continuing operations of EUR 0.32 a year ago. Diluted loss per share from continuing operations was EUR 0.51 compared to diluted earnings per share from continuing operations of EUR 0.32 a year ago.
DDM Holding AG is a Switzerland-based company engaged in the investment industry. The Companyâs core business is the acquisition and management of distressed assets. It offers financial services in fields such as capital recovery, including buying distressed assets; acquisition processes, comprising processes of acquisition implementation; consultancy services, involving acquisition know-how; and debtor treatment, containing cooperation with debt collecting companies, among others. Since 2007, the Company focuses on investment and management of distressed asset portfolios in Eastern Europe.