{"id":5179,"date":"2018-06-05T00:00:56","date_gmt":"2018-06-04T23:00:56","guid":{"rendered":"https:\/\/praguebusinessjournal.com\/?p=5179"},"modified":"2020-02-04T19:54:09","modified_gmt":"2020-02-04T18:54:09","slug":"ppf-groups-net-profits-drop-kc9-billion","status":"publish","type":"post","link":"https:\/\/praguebusinessjournal.com\/ppf-groups-net-profits-drop-kc9-billion\/","title":{"rendered":"PPF Groups Net Profits Drop Kc9 Billion"},"content":{"rendered":"

Prague, June 5 (CTK) – PPF investment group of richest Czech Petr Kellner decreased its net profit by Kc9.1bn to Kc16.5bn in 2017, which was caused by one-off factors, and its assets rose annually by 41 percent to Kc975bn, PPF told CTK today.<\/span><\/p>\n

 <\/p>\n

In 2016, PPF’s net profit was Kc25.6bn and over a third of the volume was generated by one-off operations. Excluding these factors, PPF raised its profit by 6 percent last year.<\/span><\/p>\n

 <\/p>\n

The profitability of all the key assets met the group’s expectations in areas including consumer loans, banking, telecommunications and real estate, PPF CFO Katerina Jiraskova said.<\/span><\/p>\n

 <\/p>\n

The growth in assets was contributed mainly by Asian markets of Home Credit consumer loan provider, she added.<\/span><\/p>\n

 <\/p>\n

PPF’s long successful strategy of territorial and sector diversification was supported by making new acquisitions in both e-commerce and engineering, she said.<\/span><\/p>\n

 <\/p>\n

PPF has bought an office building in Canary Wharf, London’s financial centre, the E15.cz server said today.<\/span><\/p>\n

 <\/p>\n

The group paid GBP115m (some Kc3.38bn) for the building, British real estate server CoStar wrote without referring to a source.<\/span><\/p>\n

 <\/p>\n

PPF Real Estate Holding has gained the Westferry Circus building covering 20,400 square metres in area, PPF spokeswoman Zuzana Migdalova told E15.cz confirming the information.<\/span><\/p>\n

 <\/p>\n

PPF bought the building from Hines international real estate company based in the USA. Companies agreed to not disclose details of the transaction, Migdalova said.<\/span><\/p>\n

 <\/p>\n

At the end of 2017, PPF employed 170,000 people, with companies in the Czech Republic having 9,400 employees.<\/span><\/p>\n

 <\/p>\n

PPF invests in areas including banking and financial services, telecommunications, insurance, real estate, agriculture and biotechnologies.<\/span><\/p>\n

 <\/p>\n

The group operates in Europe, Russia, Asia and the USA.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Prague, June 5 (CTK) – PPF investment group of richest Czech Petr Kellner decreased its net profit by Kc9.1bn to Kc16.5bn in 2017, which was caused by one-off factors, and its assets rose annually by 41 percent to Kc975bn, PPF told CTK today.   In 2016, PPF’s net profit was Kc25.6bn and over a third … Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":3951,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[18],"tags":[351,352],"jetpack_publicize_connections":[],"yoast_head":"\nPPF Groups Net Profits Drop Kc9 Billion - Prague Business Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/praguebusinessjournal.com\/ppf-groups-net-profits-drop-kc9-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PPF Groups Net Profits Drop Kc9 Billion - Prague Business Journal\" \/>\n<meta property=\"og:description\" content=\"Prague, June 5 (CTK) – PPF investment group of richest Czech Petr Kellner decreased its net profit by Kc9.1bn to Kc16.5bn in 2017, which was caused by one-off factors, and its assets rose annually by 41 percent to Kc975bn, PPF told CTK today.   In 2016, PPF’s net profit was Kc25.6bn and over a third ... 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