GFH Financial Group, today announced its financial results for the first half of 2015 ended June 30, 2015.
Despite very challenging market conditions, EFG Hermes continues to deliver strong financial results, with net recurring profits up 38% Y-O-Y, excluding one-off gains recorded in 2Q 2014
Meanwhile, low oil prices and high levels of market volatility have impacted portfolio valuations in 2015, contributing to the cooling in our second quarter profit.
Despite these strong results, QInvest continues to monitor its investments carefully, given the challenges that markets still represent going forward.
The balance sheet items achieved moderate increases, as total assets increased by two per cent, total financing and investments by two per cent and customer accounts by one per cent at the end of June 2015 compared to the end December 2014.