GBL’s consolidated net profit in Q1 18 amounted to €113mn vs. €233mn at the end of March 2017. This decrease reflects both the €112m capital gain recognised in 2017 on the disposal by Ergon Capital Partners III of the stake in Golden Goose and the absence of recognition in the consolidated net result of the €80m capital gains on the disposals in 2018 by Sagard of the stakes in Kiloutou and Alvest, following the entry into force of the IFRS 9 standard on 1 January 201
07 May 2018
No capital gains to boost earnings
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No capital gains to boost earnings
Groupe Bruxelles Lambert SA (GBLB:WBO) | 0 0 0.8% | Mkt Cap: 14,906m
- Published:
07 May 2018 -
Author:
Pierre-Yves Gauthier -
Pages:
3
GBL’s consolidated net profit in Q1 18 amounted to €113mn vs. €233mn at the end of March 2017. This decrease reflects both the €112m capital gain recognised in 2017 on the disposal by Ergon Capital Partners III of the stake in Golden Goose and the absence of recognition in the consolidated net result of the €80m capital gains on the disposals in 2018 by Sagard of the stakes in Kiloutou and Alvest, following the entry into force of the IFRS 9 standard on 1 January 201